Ann: Extension to Entitlement Offer Closing Date, page-4

I think it’s more to do with surprise and frustration from shareholders, that there’s been no mentioned to do with funding and there has been a depreciation of the share price since there’s been no update on where the funding is at. Least of all, they did a CR only not so long ago and now another one at a more discounted price hurting shareholders even more with more overhang of dilution. I think ANX has overestimated the enthusiasm of its shareholders and also the markets expectation of why ANX is doing another CR at costly discounted price. Not forgetting market volatility and uncertainty due to geopolitics and Third World War happening now.