1AI 0.00% 0.7¢ algorae pharmaceuticals limited

Ann: Extension of Rights Issue, page-3

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  1. 1,403 Posts.
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    Yep, giving themselves another week to hopefully give shareholders a reason to take up the offer. Punters can currently buy shares at .6c why pay more? Options only have any worth if the SP goes beyond the exercise price so my plan is to not worry about the options but to keep an eye on the stock and if it starts to look good then I'll just buy more shares at 1.5c (or whatever price they are at the time). However, If they can pull a rabbit out of the hat with news re a JV, an agreement from a company to use Immupel or even that directors are buying shares themselves then that may give me an incentive to take up the offer, currently I'm not feeling the urge. Please note that this will be the first LCT cash raise that I have not taken part in, maybe that's the real reason I feel a bit uninspired?
 
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