low option strike price and cash raised for additional runway. The cynic in me wonders if this is a hedge against expected poor results in the clinic? Not trying to down ramp but just interpreting the facts as we know them. Would think the company has enough funds to progress development of drugs to the point where if they prove successful would result in a significantly higher share price than 33 cents in 2026.
Ann: IMUGENE ANNOUNCES A$80 MILLION INSTITUTIONAL PLACEMENT, page-48
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