Hard one to say, cloudy with a chance of meatballs situation here mate but I suspect lift-off to be somewhere in the realm of 90 days until potential 510(k) FDA approval! Valuation step-ups range between 2-3x which put the SP over the strike...
Take case where the SP retracts back to 30c and stays there, at fda approval we see 2x uplift, we are now at 60c, the company refills the coffers and can start to run again. With Philips in play as well, there would then be opportunities to understand the future fcf based on contract metrics which would give us enough jet fuel to melt steel beams or even better, go orbital
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