“The potential market cap of Resverlogix with positive top-line data is an unknown.”
Bear I point you to the research report by Marcel Wijma showing a range of values dependent on various degrees of success. Strictly speaking you are correct in that nobody knows with certainty what the market cap will be but we can estimate. One useful function of markets is how they consider all possible outcomes and digest that down into a price. From the current price and the estimated values in the report we can roughly infer what the market believes the likelihood of success is. In my opinion I think the market is wrong. I would be interested in what others on this board think the odds are of success. My number is 60%.