The only problem is, without the money raised yesterday, todays announcement would not have occurred, as CHM would not have been able to pay for it.
The oppies you speak of, and I have a few million of them, dont time out until the 19th Dec 2025. How can this money be relied on now, when it's needed, when it's only certain of the money and after the expiration date?
Your idea would have had the pipeline stopped, and the company suspended again due to a lack of cash.
Ask Dr. Bec how much of a pay cut she took to take up her position? Since there, she has kept the company solvent with a $4 million non dilutive funding and another $1.6 million from the same place this raise. She has gotten Lind off CHMs back! She is worth every cent and more.
Steini, you will never be pleased. Yes, the share price may have gotten to 1.1c, but then you would have been b@tching like steini when he buys back in, that the company is suspended as its run out of money.
I dont think you have understood how high the financial risk was with CHM. People bitched the trial wasnt happening fast enough, didnt realise they couldnt go faster as they couldnt afford it.
Luckily, that's now in the past. I dont think you took part in any raise while you held CHM. So congratulations, you are part of the problem. At least your mate PH threw in $1 million to help keep us operating.
Your logic is flawed.
Luckily, we are now properly funded. And announcements like the one today can now be made.
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