I have no idea if those options would ever hit the money and much of conversion would come down to if Hockings ever saw the value in making that conversion consider he owns the bulk of them but hypothetically if it did occur it would make the CaB around $20M come mid next year - of course there would be cash burn from the current bankroll but there would also be the R&D refunds (likely much larger now they have moved to progress propriety candidates ?) and if you buy the story of the juicy UK grants possibly secured in 2016 = significant bankroll - much greater than current market cap anyway. Same story as always - world of possibility but it's about turning it to a reality.
PYC Price at posting:
1.7¢ Sentiment: None Disclosure: Held
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