Pretty strong signs.
-Permission to raise $5M, which just so happens to be a typical RTO consideration amount for tech vendors.
-Directors writing themselves some relatively cheap shares into the EGM resolutions, to ensure they are not diluted too much.
-Directors good skin in the game and owed a much higher price.
-Shares placed to Otsana clients, then Otsana advisor joins the board, tech/bio background.
No reason a TH couldn't come prior to the EGM and it would be efficient to have a project announced for the meeting. Having said that, they've given themselves 90 days from the time of the EGM, which may indicate they have something in mind that is still having DD run on it or terms agreed to.
