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7.7¢ island pharmaceuticals limited

Ann: Application for quotation of securities - ILA, page-24

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Beaza79

5,180 Posts.

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17/06/24

10:17

Post #: 74346129
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Originally posted by EWexplorer: ↑

@Gekkowolf When RAC was 4.5c it probably had only 60-70% of the shares listed c.w. now ... which would make it a $4-5m company then.

And ... if you go back in their announcements you can find this

https://hotcopper.com.au/threads/ann-prominent-biotech-investor-leads-investment-in-race.4913149/

Where DrT anchored the placement at 6.6c, buying 8.5m at the time (at a significant premium), roughly half the shares he has now.

ILA is perfectly set to repeat history with a premium based raise (and an anchor investor within that) to cover any shortfall from the un-exercised piggy-back options to fund the forthcoming trials.

I wonder how many ILA shareholders would now take up a 6c raise with bonus and piggy-back options, after the US grant was confirmed, if it was re-offered!

Will JC be the one? DrT? I'm waiting for a T20 to be published - might request one myself otherwise - but happy to nibble away until the end of June.

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ILA has never been approved in another country and saved lives like RAC did either. Doing exactly the same as another company doesn’t mean that you will get the same results regarding the sp. let’s hope this does though bcos like most on here I’d suggest, I need a few bags just to get my money back.

ILA Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.7¢		Change -0.001(1.28%)		Mkt cap ! $9.762M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.7¢	$543	7.056K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	65381	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.078
1	960	0.077
1	8547	0.070
2	12381	0.069
1	100000	0.065

Price($)	Vol.	No.
0.080	65381	1
0.084	100000	1
0.085	73612	1
0.086	624386	1
0.100	1500	1

Last trade - 10.04am 17/09/2024 (20 minute delay)

ILA (ASX) Chart