Hmmmm seems like they finally worked out they didn't have sufficient time to raise capital properly. (Or gauged lack of demand until the can release new trial results).
The company has only raised 20M or less than 1 quarter of cash, in the here and now. The 26M of options have a 5 year expiry. So the company won't see any of that money for years to come.
They've kicked the can 3 months down the road. Booked an E AGM. Re set the capital raise limits. Likely then to see a bigger capital raise in the coming months.
Ann: Issuance of Convertible Notes & Warrants for up to $46m, page-46
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.4¢ | 1.2¢ | $267.3K | 20.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 788815 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 13241534 | 29 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |