Ann: Notice of Annual General Meeting/Proxy Form, page-230

Not really,
If they took out 18-30 mill from budget with no CR.
Then.... MAST Deets come out... then we go to 10-15c... But do a CR then? Hmmm... no...
Then SP retracts over coming months into Christmas.
Now questions asked... how are you gonna fund this pipeline that is even bigger? A: well we will do a CR? Ummm did i say that out loud.
Market knows this anyway.... SP continues to retreat CR needs to be done anyway, early next year SP maybe 5c who knows...
Maybe just Maybe a CR is done - a few weeks back at the price of around 12-14c (and that may have been better). Even then SP would then retract after that.
No way SP at 20-30c today.

We will need another CR next year sometime also (unless commecilisation of Azer Cel). It is just the nature of Biotech.