Hi maxineamillion, why so conservative? Are you looking at the worst case scenario (aside from an absolute catastrophe)? I ask this because RA Capitals $31mil in 2014 took us to a market cap approaching $300mil from memory. By years end if all goes to plan, triple the cash, and a better progressed pipeline will surely be reflected in a market cap multiples of the 2014 market cap. And the 50% dilution isn't a certainty, so to me this is a very good buy all the way up to $1.60!
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