Ann: Change in substantial holding, page-22

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.