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6.7¢ island pharmaceuticals limited

Yes i understand your point about dilution. That's why they...

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Pulpfiction

420 Posts.

69

03/07/24

12:19

Post #: 74585990
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Originally posted by rep96: ↑

Pulp,

WE still have to fund 100% of the trials, we still have to raise all the capital and be diluted. And if we don't do that 1 step of the "acquisition" deal hasn't been met, therefore we lose everything, same goes with any of the other conditions....

The only major expenses BioCryst had on this was maybe a few mil on rat and monkey testing during COVID which after they threw the project into the bottom draw.

If we are going to be diluted either way, why not just acquire this upfront for 5-6mil (which is what it's potentially worth) with payments in tranches over X period.

Heck could even issue them some ILA shares if they still want to be part of the success.

This deal was very much a broker liquidity event deal post CR. And I'm glad the overall market has responded appropriately.

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Yes i understand your point about dilution. That's why they should wait to execute the option until they see results from ISLA101 P2 study (if it ever gets under way). If that is successful then the SP should significantly re-rate and can raise at higher prices, minimising dilution.

A lot of 'ifs', 'buts' and 'maybes' with all this. Just have to see how it plays out.

ILA Price at posting: 7.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.001(1.52%)		Mkt cap ! $8.493M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.6¢	$1.497K	22.53K

Buyers (Bids)

No.	Vol.	Price($)
2	107500	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	30000	1

View Market Depth

No.	Vol.	Price($)
2	107500	0.062
2	22000	0.060
1	17100	0.058
1	17000	0.054
1	67307	0.052

Price($)	Vol.	No.
0.069	30000	1
0.072	100000	1
0.073	4235	1
0.076	620	1
0.082	9590	1

Last trade - 15.53pm 22/07/2024 (20 minute delay)

ILA (ASX) Chart