RE: A no brainer12 Jan 2024 18:18
When the company was in the pre-stages of 510k approval for the heart valve with no partnerships on the horizon, cash flow concerns and very much in the R&D phase, it was valued at £35.2m with 22m shares in issue = 160p per share.
Now the company has cash for 4 years, is on the brink of commercialisation through a potential partnership and is valued at a fraction of that.
The equivalent share price with the dilution is a little over 56p, but the company is in a healthier position, so that should be a minimum.