KZA 0.00% 8.0¢ kazia therapeutics limited

Stock Offering Theory, page-9

  1. 2,795 Posts.
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    so that’s uninformed - I doubt they very much...

    we just raised funding now when we had funding for months to go and james was very clear this was due to the expected turmoil throughout the rest of the year and concern over raising finances later in the year even though we have multiple good news readouts - and if you were on the CC yesterday morning you’d know this.

    the reason for this is there is a massive virus running around the world at present - and so the company being very conservative and knowing that have an excellent property decided to secure funding that traverses this period of turmoil and for the next 12 months - in 12 months we will be where we are now with enough money to run for a few months - with both programs we need to fund secured and with all our collaborator programs funded by the various parties running them.

    the timing of the funding was stated very clearly as being due to concern over raising money later in the year due to the virus.

    as always our management remains focused to securing our assets and running our programs to the benefit of patients and holders - our focus has not changed over the last few years but our programs are advancing and as we see reporting incredibly good news and/or collaborations with the most esteemed research groups in oncology worldwide.

    I’m very happy to hold and pick up a few more at .40 cents being a holder I’ll have that opportunity and will buy more alongside the recent placement and the directors - James mentioned all directors will be taking up the offer on the CC.
    Last edited by rikki: 10/04/20
 
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