ALA 7.69% 18.0¢ arovella therapeutics limited

If SUDA got $100 MIL, page-68

  1. 8,943 Posts.
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    Clyde

    TY for letting me know re note holders - my reading of it has been wrong and for that I apologise.

    Now lets call a spade a spade and this is my opinion - Noteholders didnt have any option either the appointment of an administrator or participate in the CR (Am I right in that). They were out of money by the looks of things at the end of June, the 4c shows $98k left which then required a further amount between $40k and $200k to continue to trade.

    You need to watch their spending very carefully over the next few months

    For once I do see some light at the end of the tunnel

    Cash on hand
    With that cash on hand should come
    MAA for Artimist
    In a better bargaining position when talking deals
    Other lights:
    Must be getting close with overseas MAA for Zolpimist
    DP must be better than NW (Only time will tell here)
    SC must see the writing on the wall perform or out
 
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