Peace surely the note issue overhang is not an unknown quantity...

Peace surely the note issue overhang is not an unknown quantity causing uncertainty. At any given price the conversion can be calculated cant it? the issue is surely just one of shares on issue versus earnings/ potential earnings. Up to this point there have been pretty much no earnings- as they say themselves they have secured approx 5.8 mil from their four deals. so that is over three or four years at cost 6 mil a year to run they have spent 18-24 million and earned 6 mil. huge loss. Even the ompany they are desperate to emulate in the update appear to be maki.g a small profit at the time of going public. If there is potential for a license deal with Janssen then the simple question surely is potentially how big could this license and any subsiquent payments be. They keep hinting at millions to billions possible down the track if tesults are achieved and if thatwere to occur surely with new issue shares and current there should still only be 600-700 million shares on issue. Not billions as with some disaster stocks. i may be dreaming but if a license were worth multi millions the value per share would quickly climb. As yet the issue doesnt seem to be tge share overhang but the credability of their future earni.gs or financial stability. at even 4 mil a year to run the company then any license would need to bring 10 million before anyone was impressed i think.