I agree with siren4. Once the big end of town put their hands in their pockets for these sort of deals, they only do it for 1 reason, a substantial return, or, control. Now the door is ajar and they receive a substantial parcel they can walk right in and start to dictate terms.
I'm sure most might have gone for 1 for every 3 held @ 30c to raise 6mill. With attaching short and long term options at 1 option for every 2 shares received.
Much rather keep institutions away for as long a possible. Maybe they need guaranteed funds for US grants or some other reason that JLL might explain at the webinar. For now not impressed.
JLL Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
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