CYP cynata therapeutics limited

Ann: Cynata Completes Oversubscribed Share Purchase Plan, page-10

  1. 2,282 Posts.
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    The Board is grateful to be able to successfully complete the Placement and SPP in difficult market conditions ....

    So this is what success looks like - you take a share price of 26.5 and about 13m in the bank and you do this to it. That's success. You do this after telling a meeting in November 2022 that you've no plans for a raZing.

    Capital RaZing. Brilliant stuff - makes everyone want to be a part of working with you because we are all so happoy to be here.

    Bows all around everybody - for Ross is a jolly good fellow and Geoff is a prince amongst men! Special mention to our new biotech specialist on the board - we could not have done this without you - a brokerage free chance to get shares for retail (gotta love that) and only half a million out of 7 million why that's a measily 1/14th for the brokers and Washer would know this couldn't have been done or else Wotton would have whispered something and it would have already been tried!

    Of course we should never ever ever forget about difficult market conditions. But we should also not do market comparisons with other companies to see how they do - either in cap raisings or in trial recruitments - that would be rude and inappropriate.

    We really need to hear a heap more about difficult market conditions and how hard it is to get interest in shares that you put a trading halt on whilst you offer a nearly 20% discount plus free options on a 1 for 2 basis whilst you also spring the amazing results you have for 6 DFU patients but didn't share with the market before going into the trading halt.

    C Your Money Enrich US - the Cymerus process. Who said Australia was an unfeeling country - the welfare for board members rent seeking with zero accountability for non performance against KPIs that are secret board business would bring tears to the eyes of statues of crazy Jack the heartless and unblinking.

    Thank God no-one is sick or waiting for medicines or wanting to find some constructive use of capital - poor old Stuart Roberts is running out of things to say.

    We'll pause for a moment as Pfiefer would like to deliver a joke.
 
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