The speculation around raisings, dilutions, etc.... is all completely academic if they can't get this thing out of the lab. I've been in this stock for 10 years based on how exciting the potential is. Just never seems to get any closer to realisation, despite the many ra ra's that have come from management and these boards. Who cares what the raising is? If they do something, it will be good for everyone.
But, from what I see the raising is to be used for more lab work and studies. More long-term potential. All good, but not commercial in the slightest. So, how will they pay the bills in 1-2 years time? Another raising?
To me this stock seems like it should be more a university type organisation rather than on the boards.
Can anyone, anyone... please explain how they think that this company will provide a return on investment in the next 2-3 years based on what they are currently saying - which seemingly doesn't mention deals?
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