Ann: Alexium announces refinancing and capital raise, page-18

I keep coming back to those very factors too @tigerted why are Colintons, Wentworth and Billy etc backing it?? Surely they are expecting some return (their avg is a lot lower than most though). I do have a concern that with the raise and paid convertible note that Colintons voting power will be over 20%. Say if there was a low ball takeover offer but good enough for Colinton they could possibly get a vote through and the little guy would get shafted. Not that I think that is Colintons intention at all but I am wary of that.

Lets hope they are accurate in their forecasting and revenue starts increasing = SP increase. Maybe not to the heights we all would like but if the business is profitable, cash positive etc maybe in a year or so shareholders can get a bit more back than the huge loss some of us wear now. Like has been stated previously we are still alive, while there is a heartbeat there is a glimmer.

They have still put cashflow positive in FY24 in the presentation????????? bit skeptical on that hope to be wrong.