If no income, but losing 30 million every quarter that will go thru 90 million of cash very fast! This company lives on offerings of more stock and or selling bonds. If they cannot do that than this company will soon become toast.
Sentiment: Strong Sell
(Cash + restricted cash + due from Takeda) - (Total liabilities + cash burn rate for October 12 - March 13)/ 36.60 million shares= .50 cents per share.
For a margin of safety ( in case they do reiterate the word "Bankruptcy") = BUY .35 - .40 CENTS.