plus recent decision not to pay a dividend gives no return on...

plus recent decision not to pay a dividend gives no return on this stock - and whether they propose a dividend or not next year is another story - but IMO they won't due to:
1) expected decrease in royalties to be received;
2) increase in pipeline development costs;
3) ensure sufficient in kitty to pay wages/bonuses.
so the short-medium term prospects here are somewhat limited IMO as it will take some time for the pipeline to be commercially viable (if at all!).
as to where SP will go - anyones guess but if looking for return on investment from dividends well....and if looking for capital gains well again......really depends if they appeal and win but must agree that chances are slim.