Keep the following in mind:
1. At 10c PRR has a fully diluted market cap of $48.2m (with it soon to be higher via share issues as it has no cash left
2. Dendreon spent A$325m doing its phase 3. That means even it were possible to raise the funds for CVac's Phase 3 trial PRR would need to issue 3.25 BILLION shares.
3. It is incorrect for people on this forum to talk about commercialisation/pending sales etc.. and PRR only having 347m shares on issue...THE COMPANY IS NOT FUNDED and in any case it is at least 6-7 years away from where Dendreon is now
4. Take a step back and look at the CVAC patents in the context of the Phase III timetable. How many years is PRR going to have to exploit the market.
I don't like to be a mood killer. BUT if anyone is buying this stock as anything other than a game of Pass the Parcel I would urge you to print this post, and look at it again in 6 months time.
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Mkt cap ! $458.1M |
Open | High | Low | Value | Volume |
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5 | 71833 | 0.295 |
9 | 233134 | 0.290 |
Price($) | Vol. | No. |
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0.320 | 107754 | 2 |
0.325 | 336000 | 3 |
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