Where is the bottom??, page-41

Interesting level at 15c ?

The question is always why there - technical level or just a level at which the current disaster will have lost momentum and volume
With a then market cap at 60 mill and probably only 20 mill in uncomitted funds held ( assuming tehy could close current programs within a quarter and stop ongoing outgoings) part of the 15c is supported by cash but still have same expensive management and structure and leases etc . Possible positive news for some trials is the upside but readout may take longer than expected and any percieved failures won't be taken well by market.
Possible upside as platform has had lots of $ spent on it but will a partner bid up.
I agree there is a level to have a punt but without a sucess in the bag it as you say may be a short term punt and I am not sure what level the risk is worth it unless you see that momentum change and ride it ? .