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Biotech / Medical : Biotech for less than cash value

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To: bmaz001 who wrote (627)1/6/2023 4:53:17 PM
From: Area511 Recommendation

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sjemmeri

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That was a nice list you did last year (although I suspect most people buying from it in January 22 didn't profit much). Are you going to update it this year?

One that I follow is PASG that has been mentioned in this thread before. As of Q3 2022 they had 213 million cash and marketable securities; 46 million in total liabilities; 54 million shares. So (cash - total liabilities) / shares = about 3.30 and now trading 1.88 after closing 2022 at 1.38. (PASG was on your list last year but last January was trading over $6). Do people see better values than that? Always good to diversify because a decent percentage of these will likely run out of cash before they ever generate significant revenue.
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