this and your next post stating 50 cents possible are the two most ridiculous posts I have seen on this board. I was a strong sell on this stock when it was at 19. One thing has changed since then. The price. Its been near 20% of high value and is now slightly over 25% of the high at 19.
Your analysis, if you can call it that, places the net value of the pipeline at negative 40 to 60 M. Yes there is high cash burn and that has always been a concern to me, but every R & D company burns cash to develop products and all R & D companies have significant risk involved. There is no way however, that the risk on this stock should outweigh the potential on this pipeline to the extent you think.