Ann: Neuren receives $0.9m from exercise of last expiring options-NEU.AX, page-2

So now 2 billion shares on issue, more or less.

What a strange ann, exercising options is hardly the most market sensitive of information.
My reading of it is that it's a signal that they're going to try and hold off raising anything until the PhIIb announcement is made.

So my guess is that we'll hear nothing more until an ann saying the trial has closed off, followed by the PhIIb ann itself. My guess is that this will come in right at the end of March, given that they're trying to prolong the trial for as long as possible.

Time to hibernate for 5 months