Ann: Trading Halt, page-92

I think they only raised partial funding as a stop gap to keep the company operating and get the trial ground work underway while seeing if a potential partnership / licensing agreement can be reached.

If nothing materialises, then I guess they’ll raise the required trial funding from another CR, hopefully at a higher SP.

If that’s the case, quite a thoughtful approach and respectful of the shareholders, particularly the Directors participating substantially.

Annoying for traders, but good for those with a longer term out look.