Just re-read my last post, i really need to start proof reading my posts any one would think i was still in grade 4. lol
Looks think we have some decent sized Buys now sitting in the buy side. It wont take much for this thing to run.
1 R&D deal worth say $10 mill could justify a share price of anywhere from 15-30 cents depending on what PE ratio you use but using a very conseravtive one of 15 and not forgeting nearly all of the revenue is profit and we have serveral years of tax deductions still gets us a share price of around 15-18 cents and thats being conservative and not adding any premium to the sp for future deals with larger companies.
ADO Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held
