re: placement @ 25c..... Not quite the ann I had hoped for,but nonetheless not too bad.
Lets consider...
They now have enough cash for the next couple of years
The fundamentals of their technology are intact.
The avian flu re-trial next year should create enormous attention if it is successful.
(Based on the first trial, the company is confident of rejigging the viral configuration to make it work)
I suppose it is a bit like a mining company drilling a very prospective lease...no guarantee of success, but huge potential.
IMU have the fallback of the pig/chicken technology, & this is the main game, so the flu trials are not do or die.
Agree absolutely goblins that it would have been nice to get a higher price, but being realistic 25 cents was around the mark given their recent share price.
My next million just has to wait a little longer... LOL
Cheers
Bendigo
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