With all due respect to Dirk Haussecker, as I agree the company is very undervalued, I agree that going PRIVATE would be the smartest move for the company. That is the best option for insiders as well as regular shareholders.
Having a public listing has done little for Tekmira. They have ~ 48M in the bank. If they raise 50M or so more (which is money they do not need), how does that make them more institutionally desirable? The fact the company is Canadian based is certainly hurting their ability to attract institutional coverage and holders. That fact is NOT changing whether they have 48M or 98M in the bank with additional milestone payments coming in quarterly. This quarter already, they took in 20M in milestones.
Tekmira has a BOATLOAD of potential and again, I do feel Dirk's numbers are not to be tossed aside. This company could be valued at $100/share in a few years. As for now, I would like to see an activist shareholder get involved so Tekmira can be accurately valued for their future.
Anyone have a thought on this. Instead of GOOG exercising their right to double the holding to ~14%, it seems to me they might want to just buy the company. The potential revenue is huge with many other customers, Samsung/MSFT (XBOX) etc. I hope it doesn't happen, but if it happens soon, it better be at a good premium.