As one who expected a drop to $8 or 9 on announcement of a dilution (in Oct/Nov) as a possible re-entry point, the relative strength of the SP here is both impressive and personally disappointing so far today. Holding price drops to a mere.5% to 5% or so on the morning after a 20% dilution announcement! Wow.
Maybe anticipation of dilution was already built into the SP drop recently after PhIII?
How much appreciation in anticipation of NTM PhII is also already built in, too?
$30 on the Russell.
"It never ceases to amaze me to see the number of opinions posted in this forum about a fair share price, by people who clearly don't have the slightest clue about valuation."