PAB 0.00% 0.4¢ patrys limited

Patrys BBY Research - Target 12c, page-6

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    Below is what BBY said.
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    We value a single successful CAR-T product at A$0.12/sh. Separately, PAB remains on track to commence the Phase 1/2 trial of PAT-SM6 in combination with Amgen’s Kyprolis in multiple myeloma patients before the end of CY14. We retain our Speculative Buy recommendation and price target of A$0.12/sh.

     
    Note the first sentence-- a SINGLE successfull CAR-T product is valued at 0.12/sh.  That doesn't place any value at all on all the other patented and pending products that belong to PAB.  Yet the market values the entire company and assets including ~ 1.7cps cash at 2.7c.  On this I remain bewildered, perhaps I should be in a home for the bewildered.
 
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Buyers (Bids)

No. Vol. Price($)
38 43175478 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 10614841 12
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