AD-214 slide has been unchanged since March. Not a great look Only thing that has been added is that "term sheets are being discussed" but thats essentially the same thing as in multiple discussions with interested parties.
With all the new staff that they've onboarded, the race will be on to get funds before another cap raise. Still time but if the deal is only to cover the costs of the trial.
My guess is that any decent rise they will immediately go for a cap raise, with the allure of the potential of phase 2 success.
Time will tell but if we don't hear anything buy Christmas I will not be impressed.
Reminder it takes 9 months from when funding is provided to when the trial will actually commence.
Needs to be a good deal or this will see no SP appreciation for another year or so
1AD Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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