"
Placement to Australian Ethical Investment.
ANP has agreed to place 24,233,911 shares at $0.032 per share to Australian Ethical Investment to raise $775,485, equal to the maximum number of shares that ANP can issue within the 15% placement capacity limit available under the Listing Rule 7.1. The issue of shares to Australian Ethical Investment is conditional on the Company receiving hospital approval any time before 30 September 2017 to commence the clinical trial for ATL1102 in DMD.
The issue price represents the volume weighted average market price for the Company’s shares over the 20 days on which sales were recorded prior to 22 June 2017.
Subject to the approval to commence the trial being given, settlement of the Placement will occur on the second business day after ASX announcement by the Company of the receipt of the hospital’s approval."
Ummm did any of that happen ???
NO
Now your saying maybe in 6 months time providing fda wants to ... Lol
And what guarantee Aei will be hanging around till then ... And what guarantee, when the company will be further drained of cash , that Aei won't have a further opportunity to bend over Anp further??
Really gassy you need to understand the seriousness of the situation. This company is on its knees and with nobody wanting to license out its unproven compounds, its in a very dire situation .
Stop sugar coating and start facing reality that for 15 years they have blown 60 mill and destroyed shareholder wealth. It's that simple.
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