deevo, another way to look at it is the rise in mkt cap, less cash raised. This takes into account all the dilution & profit made for holders in the spp.
Prior to the phase 2:
264m shares (fully diluted) x $0.68 (sp) = $179m
After (assuming full take up):
406m shares (fully diluted) x $0.73 (sp) = $296m
$296m - $179m - $72m (cash raised) = $45m
or an increase of about 25%
Not a lot, given the good results, but the news had been leaking about the trial since the sp was in the 20's, so that has to be taken into account.
cheers
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