Pretty sure nikki means that if the rest of the company (real state, intellectual property etc) completely collapsed and was worth zero, the cash backing would be worth 11 cents so thats we would get back . I certainly hope and am confident that the IP of the company is worth many multiples of the cash backing, but IP can drastically change in biotech with one bad result. BNO have many irons in the fire so are not exposed as some others. Bought in on Friday when fell after what could only be described as positive, think sector is not popular at present. The newly released R and D tax incentive for biotechs is supposed to support, lets wait and see, it is a government opinion.
BNO Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
