Ann: Receipt of R&D Tax Incentive payment, page-22

Talking about market cap which is now $11mil, they have nearly $7mil in cash, so the entire 1102-1103 pipeline (plus existing licence deal) is worth $4mil. This crystalizes Diamond's total failure as a CEO but it also suggests your theory about 4 cents being more in line with the company's long term value as pure rubbish. The company's value has never been anywhere near this this low.

I will not say this illiquid disgrace cannot fall to 4 cents but I can say a new CEO is absolutely required asap. His salary alone now makes up a huge percentage of the company's value and he isn't worth a small fraction of it. He is now just an administrator waiting for things to happen and becoming increasingly redundant.

The market has now determined his value.