The reason the MC is growing is the incresaing speculation that Curtis is going to bring in a project that will deliver to the company and himself significant value. He has 24m shares that will vest based on certain criteria. This is all in the prospectus. So I assume that investors are reasonably confident that this project will be delivered.
There is also the fact that there are so few shares on issue that any upwards pressure is multipled.
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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