Pumpky they are, but it will be a combination of upfront payments, royalties and equities. When deals announced, we can value the company somewhere near £20m. Mcaps are not only measured with how much money is in the bank.
£2.4m Mcap for the assets we have and the proposed sales agreements to come, is ridiculous. Mcap was £7.5m a few months back and it’s dropped on no bad news only good. Expect a bounce to true value soon.