PYC pyc therapeutics limited

Ann: Conclusion of Genentech Antimicrobial Collaboration, page-12

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    the 15m pumped into vision to increase our shareholding IS for Vision to run the trials thru LEI. A bit more money can come in vis LEI to reduce us to 85%, my guess is that would be about 20% of $15m to make the cash injections equally expensive for ownership. so $3m to come if LEI want a bigger piece of the pie, which I suspect they will given that $5m will be turned into EQUITY worth 5% of say a billion one day( =$50m)
 
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