sp should be 5x imho

"Fundamentally we should be at least at 12c I would have thought."

Well as we most likely have a safe and effective drug that should get accelerated approval and garner over us$1b in sales with no competition, I personally would say that fundamentally the sp should be at the minimum around 44c.

That's around $300m mkt cap. And that's giving no value to omni-car, CAR-T or anything else. And omni-car could be worth a fortune, and could easily attract big pharma licensing deals right now.

So why isn't the mkt cap in the $300m range now?

Well that's the nature of the asx. So many stocks sit there undervalued (or overvalued) for ages. It seems that people only get interested when the sp starts flying.

Look at imu as an example. For years and years there was a load of us over there saying the sp was too low, as the mkt cap sat in the $10m to $100m range - and then suddenly boom. Once the mkt cap got to $500m every man and his dog seemed to wanted to buy imu. Success breads success.

If ptx's sp was now at say 25c, there would be loads of people posting on HC about how great ptx100 and how large the potential is. But as it is the market is ignoring ptx atm, just like it did imu, rac and many others.

Personally I think this is where BIG money can be made. Load up the truck early, when the sp is depressed and nobody is excited.

cheers