CLSN will lose 1/2 of its value in a year.
Wrong & wrong & wrong... 1. Book value does not matter on Bio Stocks 2. Over $50mm in cash 3. Burn rate is slightly over $1mm monthly / $14mm annually 4. At the current burn rate, Celsion has over 4 years of expenses covered.
$50M in cash and $13-14M annual burn
CLSN will lose 1/3 of its value in a year.
But we will have FDA news before that.