Sure. Wise to raise now at 20c if you think that you won't be able to raise at that level in a few years time after you've burned through your existing $50m bank balance.
You'd hate to be in a position of not being able to pay your generous executive salaries if you still haven't managed to generate any revenue internally.
Having an extra $80m in the bank certainly takes the pressure off management.
IMUGENE CHART. TA only, page-19011
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Mkt cap ! $371.8M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $521.9K | 10.58M |
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| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1612511 | 4.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 3882781 | 14 |
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