Agenda or not .. the weekend discussion about Wallace selling, seemed after some debate - to be confirmed that he did indeed sell some holdings? Maybe he bought some back, maybe not, ex director trading in a spec they have recently left .. interesting.
And now, the same poster that brought that to light suggest a capital raising on the cards.
It doesn't take a rocket scientist to see that one is happening sooner than later, its a question of exact timing and price.
$2m cash at last quarterly, projected outflows of $800k .. so $1.2m left in the bank if all went to plan at end of this month. Enough for another 3 months and a bit at current burn, or longer if they cut back on costs.
What you don't do however, is wait until you run out of money before raising more .. so its a virtual certainty imo that a CR will happen next quarter, just depends how nice the telathon news is beforehand before they send out the announcement!
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