100% thats what they have accounted for. Hence they have enough to go all the way and no further funds needed.
The other thing is at that stage of the phase 3 trials (say after 1 trial) I expect the share price to be north of $2 and if thats the case even if they wanted to raise say $30 million itll only be the issue of 15 million shares at $2 which is stuff all in terms of dilution especially if someone like tattarang takes up majority of the placement.
Ann: Notice of Investor Call and Presentation, page-142
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Last
8.6¢ |
Change
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Mkt cap ! $6.463M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74259 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.8¢ | 5755 | 1 |
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