I think it has just got itself in such a tight bind and why the market remains so hesitant. Assuming the standard cash burn of $1.2M a quarter they have 4 months CaB (not attributing todays Undisclosed milestone) and those convertible notes are still standing with the 40% discount which means it is probably going to be incredibly hard for the company to find a reasonable finance option - it's not exactly a mouth watering proposition for anyone to buy on market.
I agree it's good to see Janssen being expanded and reiteration of recent data and "conjugates" slipped in but another 'undisclosed' milestone payment - really ? I still find these things hard to wrap my head around - if the science and recent developments are so ground breaking, why isn't a company the size of Janssen just acquiring the minnow sitting under $10M right now ?
Would of been nice to see Janssen come through with a paragraph praising the science and progress from an external party.
I think it has just got itself in such a tight bind and why the...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $606.5M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $17.86K | 137.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1081168 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 505604 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PYC (ASX) Chart |