Fair call but prior to the results the cash position should...

Fair call but prior to the results the cash position should already have been factored in. Perhaps we should have been 10c or less due to poor cash position prior to results to realise some sort of worthwhile gain. We now have results in addition to that cash position. Surely those results are worth more than a 5 % move, regardless of current cash. The co is now a going concern fundamentally.

Prana for example would never have done Ph3 on their own for AD, in fact most of the minnows need the results before searching for funds ,not having enough cash doesnt always hinder speculation imo, moreover Im sure a lot of these little bios have thumbed down SP's to keep them begging when the going gets good, particularly the shortable ones.