There is no way that ACW can be cashed up till late 2025 without existing unlisted options being exercised. This is also a reason as to why a pullback/retracement will occur as well. They still need a sizeable amount of cash to fund the remaining AZ non Australian trial extension which is after the projected interim analysis mid 2025.
This what I posted. Read the first line!
Ann: Positive Xanamem biomarker trial published in Jnl Alz Dis, page-74
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