Ann: Issue of convertible notes, page-201

For me personally in the short term I would value the stock around 150-175 million purely due to the peer comparisons and our 51% ownership. You can’t derive this type of valuation from earnings and net profit because just like the other two junior formula plays we aren’t being valued based off that.

If I account for roughly 500 million shares on issue then I would say 30-35 cent range in the short term. Depending on the distribution deals they ink in the future which I believe will be plenty..along with CFDA approval it could go much higher.