Ann: Imugene Corporate Presentation, page-31

Will be worth seeing the next 4c . $112m at 31/3/24 plus $12m R&D rebate still outstanding. Another R &D tax return to be submitted late July. We have no idea why the last one hasn’t been paid yet?.

Looking at the new presentation there seems to be a strong pivot from talking science to highlighting the commercial opportunities.

Whilst many posters keep suggesting PH will do a dirty cap raise, just because he can. That nonsense doesn’t make any sense whatsoever.

Taking a look at our “embarrassment of riches ‘ in the clinical development pipeline the strategy is clearly signposted.

We have 2 programs that are deal ready or very close to deal ready. I’m f IMU were to do a deal with $100m upfront and bigger milestones on a successful registrational trial and again on an FDA Marketing approval, we won’t ever need a cap raise again.

The strategy of doing these ‘expansion trials’ is to get drugs deal ready.

First cab of the rank would be Azer-Cel with results due within a few weeks or months. It’s clearly ready to go.

And I would suggest IMU is fielding considerable interest in VAXINIAs Bilary Cancer FAST TRACK program. It’s primed for a deal when results come in. Probably could be signed by fr now but worth more post results.

Both programs are quick to market with a well defined market size. Just perfect for a hungry Big Pharma.

In fact more then $100 upfront for both of these projects is possible. So why would IMU dilute shareholders capital when they could do deals and still be left with an abundance of opportunities to expand upon.

That is probably why we are seeing Photos in n “X” of a beaming CEO standing at the baggage carousel in Mascot. She knows the level of interest in these programs. And the likely scope and value of any prospective deals.

Monil Shah wants to cement his personal reputation as be a “rainmaker “ and top up his bank account with his bonuses. He would also know exactly what these deals are worth at every stage of development, Because he lives and breathes this stuff 24/7!