From Wise One:
"While technically, yes, they have cash until FY25, it’s a huge risk for the company to wait until the results of the trial to raise money or not.
If the results aren’t great, the company will be broke & unable to raise any money unless they completely blow up the capital structure
Remember the other day everyone was discussing the monster salaries the management team is receiving on this one …"
Living up to the username! This is an insurance move incase the results don't pan out in December (foreshadowing?). Also gives us cash in the bank if we need a phase three trial which is a possibility. The only positive from this CR is If a decent Insto takes the full allocation which will set up this company.
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