Too cheap for a buyout. Arena will wait until they get EU approved. Makes the company much more valuable. I think we will reapply for the EMA within the next 12 months.
Most likely more than that.
Sentiment: Strong Buy
More likely than MNKD, but if in the near term, it will be a lowball. $15, $20, $22 max. IMO
There were 14M shares traded yesterday. It won't take long for an Icahn or Tiger fund to grab 10M or more.
Wellington's 13F needs to be followed up with a 13D by a takeover fund and people will wake up to this prospect.