The comments about the financials made by RM should have been outlined as a board strategy, not just relying on her friends in the industry or an option conversion. Remember the old wisdom, Friendship stops when money gets involved. Her friends won't open the tap because they like her, they want to see data. $50-100m are needed from March / April on but none of those investing is committed to "risk" just $5m at this stage. That's says it all. $$$$ for ALA's iNKT, nothing for CHM. And that's the industry's decision, not made by us ASX retailers.
If the assets are really that good, how low must the sp / MC go for anyone to jump on?
ALA got valued $150 for an IND application, CHM less than $ 10m for all that 3 platforms. RM said the 3 are all great and yet they can't attract anyone serious. Something must be wrong that we haven't been made aware of yet. We already got a damper in regard to CLTX, what is the next revelation?
Not blaming RM at all, she just has to clean up what more and more seems to become a huge mess.
CHM Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)