cash in hand and intrinsic value is waaaay different in comparison to 2009
BIT will either continue as an R&D company (time will determine mc range between $70-$30m) or it may become an instantaneous billion $ market valued company from a single announcement
For those uncertain of the discussions being held with Pharma, it’s an anxious wait
Sooooo many positives and potential. It really appears that someone is keeping a lid on this because the sp/mc should be a lot higher based on my calculation of the intrinsic value
the mic drop moment may also be for dengue fever which currently has no specific treatment and up to 400m people per year get infected. Also apparently it’s been found that, SARS-CoV-2 and Dengue have an ‘inverse relationship’
If this trickles down into next year with massive spikes up to $0.5-$1 no news around partnership or further sponsorship funding then I hope asic keeps a close eye on this
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