What is this doing in a CR announcement?Perhaps as an attempt at enticement for any shareholders looking to buy in at 21.5 cents between now and the 5th May
@Pledge .... remember they only have "commitments" at this stage for the $5 million so imagine if some pull out for some reason between now and Friday 14th April - I mean it isn't underwritten either .... Ross does it differently I guess ... let's see how that works out ?
View attachment 5198386View attachment 5198383I also didn't see the reference "oversubscribed" in the announcement either, which IMO means they struggled to raise / get commitments even for this small amount, which wont cover the phase 2 FDA GVHD trial if it ever starts in the USA
I notice that wall on the buy side of a few hundred thousand shares at 23 cents this morning was sold heavily into today ... now gone completely and shares are even listed
on the sell side for 23 centsMight be worth a punt at 18 cents IMO if it gets there for a LT hold - about a decade ?
(20min delay)