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07:56
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Originally posted by PigRace:
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Thx for the hint, Lectroid. Even after some hours of thought I can not point to a single reason from yesterday’s HY report as to why to sell such an enormous amount of shares at such a huge discount vs market close.US$157M in cash by Dec 31, 2023 should mean appr. US$80M in cash left by Jun 30, 2024 . Which means OPT being financed pretty exactly through YE2024 if they were to run down cash to the very last dime. Which they won‘t of course…refinance by late Aug 2024 in order to get the green light regarding going concern in the FY2024 annual report.to provide sufficient cash resources for the 1 2 months post the issuance of the FY2024 financial statement (due Aug 31, 2024), so through Aug 31, 2025.minimum net proceeds needed would be appr. US$100M . Again, just to get the going concern green light in the next FY2024 financial statement.regional partnership done, the kind of which OPT alludes to pretty explicitly in the HY report :over the next 12 months is to prepare for various opportunities to advance further development and commercialization of sozinibercept through engagement with pharmaceutical/biotechnology companies .“
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Hi PR, yeah, I checked the sales due to the sudden price drop after hours and was a bit shocked at what I found. The HY report is not responsible for it I don’t think as it was positive. I guess someone just needed to off load a pile of shares because they urgently needed the money for something else. Cheers
(20min delay)