The one thing that is consistently bugging me is the 1.3 Billion shares and more to add up once the Funding is raised ( which now is a issue in itself due to the issue price) for a micro cap bio tech co. that is too much dilution and makes a unrealistic MC
For eg: at 0.20 cents for 1.3 Billion shares the Market Cap for PRR would be 260 Million or more if another 300 Million shares are added... actually this is OK..many examples for similar size cos.
But now increase the SP to say .30 cents and see the MC which is 390 Million...here without a very strong balance sheet, or licensing/ funding arrangement in place... the story doesn't sell too well
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The one thing that is consistently bugging me is the 1.3 Billion...
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