A couple of typos below i.e. an overuse of the word "million"
But that is a bit of money Billy and even Bob are chucking in, and also Paul who is a Director.
They must believe there is something there worthwhile - obviously Collintons and Wentworth too but they have existing large stakes already in the business and they will be lost if this doesn't go through (like us all) but have a few more funds to chance a play with Alexium.
Its however likely to be a slow turnaround through and the financials below are pretty poor
It's going to give Collinton's 52% of voting rights and likely much more as I can't see too many shareholders participating - so they will have a big say in where Alexium goes and what happens to it going forward (or what happens to their stake).
At least Billy will have a small stake and is stumping up some good dollars
agree with you Seb.
(20min delay)