" We have four trials underway now. Lets hope she starts some news flow about how they are progressing."
I agree , in that Bec appears to have many good attributes ( both from a qualification & experience perspective in the field & managerial / sales experience in other ventures )
Communicating progress in a clear manner is important .... and I reckon she is well capable of turning the "spotlight back on" at CHM .
Just on the Market cap aspect of CHM .....by my calcs there are 876 million shares on issue ( I'm not including vested options to people .....so at 2 cents a share , that a market cap of some $17 million ......which given the possible valuations that could be attributed to the IP is absolute chicken shit .
Its likely also that there will be more cap raises ..... ( based on the Extradinary GM agenda )
To put a pessimistic spin on what price the cap raise could be at I'll assume 2 cents
( bear in mind that amount might be overly conservative subject to any interim data that might be released to the market from the trial just announced . - and I - like others hope it is )
However based on a cap raise of 2 cents our market cap will come in at approx 1.6 Bill shares ...and hopefully with a share price of at lease 2 cents - thus a market cap of approx. $32 mill ......which given the possible valuations that could be attributed to the IP is still absolute chicken shit .
Happy to be corrected if my working or assumptions are flawed , and certainly not trying to dampen your optimism Dalts .
Meanwhile ........ a 5 bagger from here is highly possible ( subject to the data & clear communications and relevance of same ...if the results are good ) ......which would put a market cap after the share placement of some $150 mill ..... which given the possible valuations that could be attributed may still prove to be conservative .
As an aside ....assuming she is still holding that would make Jennifer Chows holding worth around $1.8 mill
cheers
VA
CHM Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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