January 2018: "We believe that Resverlogix remains gravely undervalued at the current share price of CAD 2.00. We feel that the company’s current total value should be CAD 2.5 billion, or CAD 14.75 per share. This represents a substantial upside from the current share price."

July 2018: "We believe that Resverlogix remains gravely undervalued at the current share price of CAD 2.34. We feel that the company’s current total value should be CAD 3.3 billion, or CAD 19.00 per share. This represents a substantial upside from the current share price."