That's a hard one to answer. I would normally write "a lot more than their current mkt cap". But the big concern, in my opinion, is funding. They ate through about $30m last quarter. So they obviously need to raise cash soon, and lots of it, unless there is a big R&D rebate coming. I'm not sure imu will be able to raise much, given their history. I wish the board would slash their wages too, given how important cash spending is. But I'm not expecting them to do it. There have been many examples of asx stocks that die just because the funds run out, and I fear imu might be another one. But hopefully not.
(20min delay)