Ann: Opthea Completes Placement & Institutional Entitlement Offer, page-59

I agree for the most part.

The stock is trading at 36 cents, which seems fair value considering the CR at 40 cents and those free OPTOB-2026 options valued at 3-4 cents per share purchase (1:3, so OPTOB might sell for 12 cents). My strong conviction is that, barring any bad news, the stock will rise significantly in the lead-up to the first readout.

Should I acquire in the near future another 1M, just prior to the topline readout, with some speculative gains, my plan to de-risk and enter the P3 readout with less of my own capital at risk and more on a free ride. Let's say I can capture 1.5M shares, then if Coast is successful , I’ll likely hold through to the Shore readout , though it would be prudent to review and hear from the mad scientists about results and evaluate the risk/reward at that time. At that point, it’s all about playing for Mercs or Lambos - whereas right now over the next 10 months I just don't want to be run over by a bus.


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