Ann: Kazia paxalisib Phase II interim data, page-19

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JohnnyBlue

270 Posts.

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07/04/20

23:10

Post #: 43938694
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Originally posted by Forestgreen: ↑

Great post Rikki

There have been a lot of negative posts today from usually positive people on the various threads today.

Nobody appears to think the interim data was poor so that just leaves the trading halt

I agree with Rich & Poor -mostly
"In requesting the trading halt, the Company provides the following information
:(a)the trading halt is requested in respect of finalising an announcement on a financing transaction;

"Raising 7.2mil @40 cents does not make sense!
IMO finalising a deal regarding Paxalisib is a more likely outcome.

Clearly a raise at 60cents would be better than 40cents -but its all about how funds will be directed

a. To assist in finalising a Paxalisib deal ( positive outcome for shareholders )
b. To assist in financing start up costs of Agile Trial ( positive outcome for shareholders )
c. To simply fund them to the presentation of final Data 1H2021 (positive outcome for shareholders )

This is only a 10% dilution and who can say access to funds will be easier in the coming months. I for one will participate given the opportunity

If not well done to James & Board for taking the opportunity to fund the company in these uncertain times.

Expand

I don't think you get it...We know the company needs funding, but with "great" interim trial results raise the money at 80 cents or 1 dollar. I hope GCInvestor is wrong on this one.

KZA Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
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Ann: Kazia paxalisib Phase II interim data, page-19

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The Rising Tide: How institutional adoption is shaping the future of crypto

Strickland Metals jumps on mammoth gold-copper-silver hit over 300m width at Serbian Rogozna Project

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

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