meanwhile...., page-22

All this talk about whether the price will dip slightly, rise slightly, before or after N lists is only relevant if you are a very short term thinker or a trader.

Sit back and look at the BIG picture.

Where will PRR be in 12 months from now ?
Where will PRR be in 18 months from now ?
Where will PRR be in 24 months from now ?
Where will PRR be in 36 months from now ?

My time frame is approximately 24 months. Possibly 30 months. I suspect (expect in fact) by that time that PRR will have a SP of around $2-$3.50.

Why ?. Well by that time we should have had the following well and truly in place.

a) N listing
b) Phase IIb interim data (June/July 2011)
c) Completion of Phase IIb recruitment
d) Hopefully completion of Phase III recruitment
e) Phase III interim data (Dec 2012)

I make the assumption here that data results will be positive.
b + e are clearly the biggest value drivers.

Above shows only the announcements I can think of. No doubt there are others to be expected which other people can probably think of. Then there's other announcements that no one may expect!

My price estimate may well turn out to be very conservative in case of positive phase III data because we all know what happened to Dendreon's price (DNDN) after it released its own phase III data for Provenge. I think it went up x10 within 24 hours and then a further x2 within next couple of months.

PRR is without a shadow of a doubt one of the best investment opportunities we will see in our entire lifetimes.

ITW