CHM chimeric therapeutics limited

"Even a large dilution event now would be preferable if the...

  1. 1,300 Posts.
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    "Even a large dilution event now would be preferable if the money for a couple of years can be raised. This pipeline vs this Market cap would still make great earnings for shareholders."

    I disagree. Now, at 1.4c (and closer to 1.3 than 1.5c) is not the best time to raise money for a couple of years, plus, it would require another EGM since the remaining CR cap at this price would not be enough to provide such cash runway.

    My preference is to only raise enough to provide funds for 9 months max, which will likely require options attached but preferably with a higher strike price than our current SP (say 1 for 1 or 2 for 3 at 3c with an expiry of 12 months, which will then also result in additional funding down the track while reducing a CR dilution for existing shareholders at these ATL levels), given that we are expecting a few possible catalysts during that time:

    https://hotcopper.com.au/data/attachments/6527/6527471-ea5595329e83ebbb31973f376dfef1ea.jpg

    That's from the July presentation:
    https://www.listcorp.com/asx/chm/chimeric-therapeutics-limited/news/investor-presentation-3059704.html

    But - likely also just things dreams are made of given our current situation.
 
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