Yes, reluctantly I have to say that the market is not responding to this new opportunity with the enthusiasm that I expected - or that the facts seem to warrant.
I still think that the value of this package AT THE PRESENT TIME, with no new data, is 6 cents per share.
Obviously, the market is an ass.
I expected (and still expect) news on one or more of the applications presently under development, but the pace of the acquisition is slower than I expected, and market enthusiasm is also lagging my expectations.
I still have an expectation that we will see 20 cents in the near to medium term, but I am no longer willing to pin the timing to year's end.
Yes, reluctantly I have to say that the market is not responding...
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