I don’t feel as angry about these events as some people here (including some non holders). Picked up just about as much in the SPP to stay even in terms of dilution and the options while nice, aren’t that great because everyone else gets free options too and they will be sold for a long time if we get above 30c. On the flip side there is now an extra $7 million to run this gvhd trial. It’s supposed to start within a month if we are to believe the guidance. It’s a pretty big undertaking with 30 trial sites to be recruiting and 60 patients, and it’s being run in the US which is significant. And it will be good for the patients who receive the Cynata cells because we can see from the P1 results that it was a game changer. As a side note there better not be another capital raising until after the $5 million from the options has been extracted!
CYP Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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