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
56.5¢ |
Change
-0.020(3.42%) |
Mkt cap ! $695.5M |
Open | High | Low | Value | Volume |
58.0¢ | 59.8¢ | 55.5¢ | $8.231M | 14.49M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 80982 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.0¢ | 6482 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30982 | 0.560 |
2 | 34325 | 0.555 |
4 | 44253 | 0.550 |
2 | 36794 | 0.545 |
1 | 7000 | 0.540 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 6482 | 6 |
0.585 | 74642 | 3 |
0.590 | 26332 | 2 |
0.595 | 128242 | 3 |
0.600 | 52699 | 8 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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