Hey Averagejoe,
In my view, at the ends of the spectrum are ‘no deal’ in which case the share price could plummet as the company is fairly short on cash, or a ‘significant deal’ that is viewed by the market as making the company. Just guessing obviously, but I wouldn’t be surprised to see the price around 4c or 40c at each end of the spectrum. There is a lot of space in between these two scenarios. I am betting on a deal, but I would be surprised more so if it was a blockbuster (I’ve not been that lucky yet with my bets on speccy biotechs). My guess is that, in the event of a reasonable deal, the share price would probably end up between 12-18c.
Good luck.
Ann: Trading Halt, page-7
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