Geez I'm so glad we were able to come up with a plan within a budget that suits our existing cash reserves and didn't do a CR that would create dilution.
Hang on a minute... 8.1m options at 75c that are already in the money and expire in 6 months from issue (geez sounds good to me, but is pretty heavy dilution), and 24.4m piggyback options at $1.25 that expire 24 months later (geez that sounds great to me, but again is pretty heavy dilution)..
32.5m shares issued for $36.6m for a strategy that has the first RAC trial commencing in 9 months if everything else falls into place... hmm???
Not sure this is any better than the, "we will find non-dilutive funding options" (otherwise a future CR will be required in 2024 when we are within an AML trial and most likely have the BP interest for the mBC trial) plan DCB had.
https://hotcopper.com.au/posts/69499801/single
Ann: Bonus Options Prospectus, page-4
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