There has to be more to it than just raising 10million for belt and braces. I am with Sillazze, it has to be related to a strategic investor and possibly an agreement on the ROW trofinatide rights.
My money is on Acadia taking a stake and also signing a deal for the ROW rights. I reckon it will come at small premium, as a sop there will be some loose change for others. It makes perfect sense for Acadia and will put them in the box seat for the takeover should it ever happen.
Ann: Trading Halt, page-37
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Last
$16.57 |
Change
2.170(15.1%) |
Mkt cap ! $2.117B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $16.67 | $14.60 | $24.77M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $16.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.57 | 1717 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NEU (ASX) Chart |