May I say you could be focussing on the wrong number. The upfront of up to $6m is really insignificant compared to the certain $32m savings. That is the main game here. The savings now allow IMU a runway till 2026. In addition, it now frees up management time (invaluable) to deal with our main game, and not having to manage a manufacturing facility.
Hope you see my point.
EDIT: Oops...looks like @Jack1960 has beaten me to it
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Ann: Imugene and Kincell Bio Announce Strategic Partnership, page-53
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This move by management is a big F-U to the people I am sure capping and ringing Managements phone trying to get in at a discounted price for a raise
Well done by the team showing leadership and cutting staff costs - There are more pages in this discussion • 92 more messages in this thread...
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