With a North American partnership well north of $1 imo
What EMD need to do now is do a solid raise given less than 3 QTRs left atm. Tenmile has already publicly committed and are keen to inject some solid $$$ into the company and space. I would ask for more than it is required so say $10m from Tenmile plus a $5m spp.
The lack of funds is what’s pushing the sp down atm imo so with a solid placement with someone like Tenmile the market should gain serious confidence.
I’d be happy with $7-10m at 25c and wouldn’t be surprised if it was to be announced soon.
Post that there is Phase 3 trial results and of course a major partnership from the US via Karen Smith.
Btw Karen Smith has a pre-existing relationship and history with Twiggy so the set up here is not to be underestimated. Twiggy’s influence in EMD goes beyond the last placement imo
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $13.29M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.2¢ | $13.66K | 397.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 177108 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 75371 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 177108 | 0.032 |
5 | 144518 | 0.031 |
9 | 905619 | 0.030 |
4 | 110414 | 0.029 |
2 | 23000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 75371 | 1 |
0.038 | 50000 | 1 |
0.042 | 64500 | 1 |
0.043 | 12000 | 1 |
0.044 | 20000 | 1 |
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