You could own this company for 9 million and change. Who is going to partner when 25-30 million gives you the company out right?
You have to do some study !Even if the stock was traded at 0,0001, the drug still has the same potential market value as if the ws traded at $5 !You have to make Mark Kessel and other larger owners to sell their stocks at this level.I don´t think they will
Even with a lousy deal would pps jump up a lot! Antisoma/Novartis deal was for $870M and $75M upfront!Lets say OXGN make just 1/3 of that deal for CA4O+oxi4503 and topical.Thats $300M and $25M upfront to be compared with todays MC! Why sell at ATL now when you could have sold in Nov/Dec for tax purpose. Who cares is pps is 9c or 15c or 18c or 25c. It is NOTHING compared the the value that lies in a deal.At the end the shorting day traders may force the management to accept a low bid deal but even a lousy deal would move the pps way over current level.I just use the opportunity to add cheep shares prior the upcoming deal!
Smart money is accumulating with a short term hedge. Great thing about shorts they are so cocky and transparent, makes it too easy to hedge a long position while accumulating. Gotta love a lower price. Best to all our cancer fighters.