Market or Entitlement? Here is ChatGPT answer based on $400k spend, current price of 0.345 and the entitlement offer 0.40 with the 1:3 option (Let's call it OPTOB-2026). The theory is that 40cents - 34.5 current price = 5.5 cents*3 as each option is "valued" by the rational market at 16.5cents
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So yes, it just depends on the value you ascribe to the OPTOB-2026 option. How much is the option to buy a $1 share in the future worth today? 15 cents or more? Share price between 0 cents and $3.6.
As for where OPT will end up if both Phase 3 trials are successful, I would like to imagine a 10X return. I also dream. That being said, I believe OPT is a 3X in the speculative lead-up to the first Phase 3 result. Yes, unexpected issues may occur during the trial as it is, after all, a double-blind medical trial, so it is not without risks.
However, a 3X reward vs. low risk is based on human speculative behaviors.
Salt, grain take of course.
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $504.7M |
Open | High | Low | Value | Volume |
41.5¢ | 42.0¢ | 40.0¢ | $458.6K | 1.119M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 298731 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 49490 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 266550 | 0.410 |
8 | 176806 | 0.405 |
11 | 205071 | 0.400 |
8 | 205711 | 0.395 |
9 | 140810 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 49490 | 1 |
0.420 | 181330 | 5 |
0.425 | 20000 | 1 |
0.440 | 13031 | 2 |
0.445 | 1 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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