Mar. 20 at 4:38 PM
$OTLC this is from the analyst who has the
$4 target . Read the last line, this event is gearing for the near future along with the reevaluation of OTLC’s balance sheet when the 45. Percent is applied, that is why I’m buying down here.
OTLC: As we reported in our March 31 research note, OTLC entered into a joint venture, or JV, with Dragon Overseas Capital Ltd. (Dragon Overseas) and GMP Biotechnology Ltd. (GMP Bio). Dragon Overseas and GMP Bio are affiliated with Golden Mountain Partners (GMP). GMP Bio also has a wholly owned subsidiary, Sapu Therapeutics, LLC, which in turn has two wholly owned subsidiaries, namely Sapu Bioscience, LLC and Sapu Holdings, LLC. The plan of the JV is to develop and ultimately market OT-101, individually and/or in combination with other products, along with its JV partners. Also, the JV is intended to go public through an IPO at some time in the future. OTLC owns 45% of the JV and on its public debut could add multiples to the company’s market cap.