Pete: from what I've read they have a 500,000$ payment due this month from one of their agreements ... and then there is the looming decision by Roche about reaching a milestone and heading into stage 2 of the partnership agreement. It will be exactly 12 months from the beginning of phase 1 on January 21st .... Phase 1 ended on October 21 .. exactly 9 months after commencement ...
From what I understand this payment could be quite possibly an 8 figure sum ... which would be more than the total current market cap of $20+ million
Add to this, the other "Very interesting prospective agreement talks with 3 other major pharma's" due to close in 2011 ...
I'll finish by repeating what Nick Woolfe (CFO) said in his interview last December ..... PYC should be self funded in 2011!
Disclaimer // the above is information I have gathered from reading various financial reports and interviews all available from the PYC website.
PYC Price at posting:
7.6¢ Sentiment: ST Buy Disclosure: Held
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