Ann: CLOSING OF NANT SECOND TRANCHE PLACEMENT, page-2

I feel Hoyland was right again. We have to fund all the programs and NANT just off loaded the costs to us.
"Proceeds from the Second Tranche Placement will be used to support both the oncology collaboration between Benitec and NantWorks and the progression of Benitec’s existing programs towards the clinic."
Sounds similar to the University grant and pay back!
Very disappointed in OUR BOD.