ILA island pharmaceuticals limited

Ann: Trading Halt, page-11

  1. 4,747 Posts.
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    IMO the way this process should work:

    1. Halt
    2. Trial update
    3. Modest rights issue with stretch options
    4. Resume trade

    This assumes trial success, but the bulk of future funding arrives at a significant price differential.

    Just have a look at how new entrants at CHM were shafted last Thursday after announcing their trial update and trading for less than 3 hours before announcing another funding round. Some new holders will already be down >50%.

    The above process would reward existing shareholders and mitigate dilution without shafting new market participants.
 
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Last
17.0¢
Change
0.020(13.3%)
Mkt cap ! $42.02M
Open High Low Value Volume
15.0¢ 17.0¢ 14.5¢ $91.38K 584.8K

Buyers (Bids)

No. Vol. Price($)
4 255000 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 191400 5
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Last trade - 15.55pm 30/07/2025 (20 minute delay) ?
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