I agree mercury I can't see us lasting until major results due next year. I would guess the raise would be early next year as they don't want to run it down to $0 dollars. With China pharma appearing to wait for 500 study results in 1st quarter I think, we will need cash before then. You also want money in the bank when negotiating as well not on your knees begging for pharma. Piq however keep pulling rabbits out of the hat and I hope I'm wrong about CR. Even if it did happen I don't think it would be large enough to have a major dilutory effect. IMO
cash flow +ve (almost) while taming elephants, page-8
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| PIQ (ASX) Chart |