Exactly, be ready for the eventuality of partner investment to occur. Market cap needed to be below 300 mil in order to qualify for the additional 10% issuance capacity, explaining why we had prolonged broker induced price pressures, instantly initiated after 200 mil plus accumulation by large holder and fund were finalized, taking us from a market cap of 450 mil to below 300.
Management would have laid the groundwork for cornerstone investment/ partnership conditions in the period of US presentations last year, getting a concrete idea of what data would be needed to move ahead in favourable conditions ( note here our still outstanding tox data )
Should broker push price back to 15 cents as human trials are on the way the 10% additional issuance capacity will be in place for 12 months are AGM. As you say, be prepared, don’t leave it to the last minute, management had a long time to plan on his and deepen connections made last year,, all IMO
PYC Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
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