Re: Today's trading...
in response to
by
posted on
Sep 01, 2020 09:04AM
We just need the right kind of news to get broad attention and we'll get a price correction back into the multi-dollar range that we had just over a year ago, when we were pre-FDA-BTD.
We have a current investment condition (mania) where the world has been, and will continue to be, flooded by free money. And its never been moving around faster and in herd style. Stocks like Tesla, where its own CEO said a year ago the stock was too elevated at $400 is trading 600% higher than that today at $2,500 (all pre-5-for-1 split figures). So you could argue Tesla has an Enterprise Value to Share Price ratio of over 6-1. It's like telling a stranger that you give him $6 for every loonie he can provide.
IMO, we have an even better story (missed BOM notwithstanding) and we just need it to be communicated convincingly. IMO, Resverlogix has a riddiculously low EV/SP ratio. Just consider the average EV of all recent BTD companies from this analysis. $8.3 Billion US is the average market cap of a BTD company with a decent market, which we certainly have, probably many. On an average BTD value basis our EV/SP ratio is about 0.02-1.
So to your comment about dead money, yes, you might be right that it may be a couple of years before we reach commercialization or news of imminent commercialization, but, think about your likely 2-5 year ROI when buying future dollars for 2 cents on the dollar. A 50-bagger is worth the wait.
JMHO