Totally agree especially with the dollar amounts the company was...

Totally agree especially with the dollar amounts the company was trying to raise vs its market cap. Rights issue should have been issued at the same time with the closing date and issue date at a similar times to when the insto/sopho shares were distributed.

Now they are staring down a failed rights issue and where do they go from there.

Chairman is spruiking a position of Finanancial strength but this seems like counting his chickens before they've hatched

"and
with the recent Placement and this Entitlement Offer we have the financial strength and the
team in place to accelerate the growth of the Company"

This comment is also bordering on cringe using second person to evoke emotion to rally the troops lol

"your company is
exceptionally well placed to benefit from multiple commercialisation opportunities."