It's in relation to a material operational update for Halucenex Life Sciences Inc. It says nothing in relation to the acquisition itself.
"ASX notes that under former Australian accounting standards an amount which is equal to or greater than 10% of the applicable base amount has generally been presumed to be material unless there is evidence or convincing argument to the contrary."
I'd hope it has something to do with any number of milestones being ticked for Halucenex.
CPH Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held