I start to get a little worried whenever any company releases an Investor Presentation, is this a sign of a CR coming even though we have $9.8m cash. With the crappy economic times we are in, (and could look to get worse before it gets better based on the US fed’s powell Jackson Hole speech last week) I think the Dr is looking to raise in advance before the human trials next year as economic outlook is not looking good at all. This would be a wise move by the Dr.
Maybe raise $5m say at 2.3-2.4c (dilution of around 210m shares)?
Ann: Investor presentation, page-2
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