RAC 2.92% $1.94 race oncology ltd

Ann: Race Leadership Changes, page-400

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    I'm not an "expert" when it comes to investing in biotechs so excuse my ignorance but why are many holders thinking of a buyout price of many multiples of the current market cap/share price? Don't we still have a long way to go when it comes to proving the effectiveness of Zantrene, especially with the cardioprotection side of the equation? Don't count your chickens before they hatch?
 
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