You are wrong about the market cap of $150 mill. In actual fact...

You are wrong about the market cap of $150 mill. In actual fact after the shareholders vote for the bailout there will be over 200 million shares on issue which gives the company a current market value of over $300 million.

If this spike in the shareprice had been the result of the licensing approval then it may have been fair value (but even then I would be hesitant), CMQ still have too many hurdles to jump in my opinion.

In comparison to a stock like PTD that has large cash reserves, royalty income, involved in a buyback as well as the blue sky potential..... well how can you compare the two. CMQ is still very much high risk until the license is approved and it has many more sales agreements. Until then there is a very real chance it could go through the hoop.