Koo.....
I have a peaceful easy feeling, and I know Don won't let us down, because I'm already standing on the ground. Dang, I should put that to music.
I've reached the conclusion that with positive top-line data for BETonMACE that Resverlogix will have a market cap of ~$1 billion USD, or around $1.3 billion CDN. Realistic? Only time will tell.
What does $1.3 billion CDN means in terms of PPS for RVX.TO? Right now there are about 177 million shares outstanding. To keep the math simple, because I like simple, I'm going to push that up to 225 million fully diluted, a nice fat cushion....but I'm a conservative.
If I lower my expectation for the MC to $1 billion CDN then that would give us a PPS of $4 based on 225 million OS....$1 billion USD gets us in around the $5 mark, and $5 would be about 370% upside from current levels.
Of course its all moot if we don't get positive top line data....and that's about 6 months down the road. If we do get good top line results, well I don't expect we'll jump in one day from $1.40 or so to $5 in one day....but then again, stranger things have happened.