This company is now a better takeover candidate at 120 mill...

This company is now a better takeover candidate at 120 mill market cap than it was at 350 mmc...games are a good sign (not that I’m saying that is happening)

I tried to explain it was delusional to think a us major would buy out an over valued company they would only go for Bottom feeding there is an article online somewhere about pharma buy outs not at premium

350m market cap was not realistic in any way shape or form commercially just yet for a buy out (as far as I was concerned anyway)

It’s also a decent buy now for retail probably - being If it was valued at 4.2 cps pre CF33 the extra dilution I’m not sure but I guess you could swap CF33 for that (just as a rough example) and still be very under value now at 2.7-4.2 value maybe even 50% under with the options conversion at 5.3 with the raise if that’s considered fair value

Don’t buy over valued shares if you want to make money in the markets - golden rule read warren buffetts book it’s literally page 1