Ann: Trading Halt, page-96

if you were here with the DKD trial, you will know there is no certainty of a binary event. After the positive announcement for FSGS a few years back the share price went from 20c to 70c (could be a little off due to memroy) with the high anticipation leading up to DKD ann that the DKD is positive too.

The commonse is that with this positive announcement, we know the share price will be well over 30c today, again no gurrantte, but the share holders at least are entitled to choose to buy or sell. It gives share holders no opportunity to share the upside brought by a positive announcement, also bear the less upside by the dillution and placement sell down for a quick profit. I am not saying the sell down will necessarilly go below 30c, but we have to say by logical thinking it has a lot more chance to limit the share price upside potential by this capital raise. It is different when you are offering the same price for with or without risk, even so when it is a go / no-go decision.