The options look pretty much dead in the water they need see some kind of blackswan if you're going to get something out of them after EI will need to basically see a $200M market cap to be in the money & with still only anticipation of maybe seeing pre-clinical work before expiry it's a super long shot but agree at $0.001 it's a pretty decent flip or burn punt. A trade sale probably the best shot of them seeing the money but chance of that ? probably about as small as them seeing $200M without preclinical candidates at the ready + suitors would be well aware of the expiry in 12 months which would save them having to pay it out. Taking up of EI see's x9 if the options are going to see the money it's the smart punt even if it's all fluff there's an easy double up or more in post EI pump.
PYC Price at posting:
1.3¢ Sentiment: None Disclosure: Held
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