@Gekkowolf When RAC was 4.5c it probably had only 60-70% of the shares listed c.w. now ... which would make it a $4-5m company then.
And ... if you go back in their announcements you can find this
https://hotcopper.com.au/threads/ann-prominent-biotech-investor-leads-investment-in-race.4913149/
Where DrT anchored the placement at 6.6c, buying 8.5m at the time (at a significant premium), roughly half the shares he has now.
ILA is perfectly set to repeat history with a premium based raise (and an anchor investor within that) to cover any shortfall from the un-exercised piggy-back options to fund the forthcoming trials.
I wonder how many ILA shareholders would now take up a 6c raise with bonus and piggy-back options, after the US grant was confirmed, if it was re-offered!
Will JC be the one? DrT? I'm waiting for a T20 to be published - might request one myself otherwise - but happy to nibble away until the end of June.
Ann: Application for quotation of securities - ILA, page-22
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16.5¢ |
Change
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Mkt cap ! $25.45M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.5¢ | $11.26K | 65.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16408 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 16300 | 1 |
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