ALA 3.57% 14.5¢ arovella therapeutics limited

The entitlement issue closes tomorrow so if you were selling to...

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    The entitlement issue closes tomorrow so if you were selling to fund the take up of your entitlement then yesterday was the last day to do so if you wanted a clean transfer of funds without committing any additional dollars.

    I would be very encouraged by a full take up of rights from a combination of existing shareholders plus Baker Young clients.

    I'm sure we will see in the quarterly how dire the cash situation is with the R&D tax refund largely going to Berlin Pharma (the gift that keeps on taking).

    But looking forwards and not backwards will see the company with close to $4m in the bank with key value adding milestones such as Zolpimist approval and an Anagrelide update not too far away.

    Not to mention whatever else is simmering in the background.
 
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