LC has now stated several times that IMU will release a “plethora” of announcements over the coming months. Which will open a “plethora” of opportunities that cost money.
With the recent and expected progress , it’s likely our trials will ramp up from the current 10. Just Oncarlytics will need 5-10 trials to show its abilities.
The cap raise is likely to be over $100m and possibly $150m. The BOD can issue 15% new capital. It’s likely to reach that level. I doubt there will be any heavy discounts.
In 12 weeks time we should all be very happy with holdings. All the new announcements and 2 big insto’s underwriting our business is good for us. We are now an ASX200 company and need to think like one This next 3 months is going to set us up for ASX100.
Ann: Trading Halt, page-210
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