It was only a few short months ago they raised $10m million from international institutions and sophisticated investors. Do you really think they just chucked a lazy $10 million on a random speccy??? No, they would have been assured of X% return, without question. If you don't think they have been told more than us you don't really know how the great game works. No one just burns $10 million. Nothing has changed, officially, except the shareprice. It reeks of manipulation to me and I have seen it so many times before on aussie biotechs.
Those who hold tight will be significantly rewarded in the next 6 months IMHO.
LTP Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
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