Ann: PharmAust Raises $2.5m via Placement, page-39

Yes it certainly looks like a stop gap measure.

$2.5 minus the 6% raise fee $150k
$2,350
minus the $104k that still needs to be approved for the Management purchase , so not in the bank, plus the cost of writing to us all?
$2.210
Company are in the hole for the current 2 Quarter reg by circa $350,
$1.860m so raised 3Q of operating capital minus any trialing like Covid , Human Cancer etc etc ..

If the Oppies are in the money @20 plus cents and all SH participate $15m back in the kitty.....
5 Months till Oppie Time.... circa 2.5c gain per month on the SP... easily done with the correct messaging and now the company have cash to gain market exposure,,,

Regrettably the positive data from Cohort 2 of Friday was shot in the face,, so no mileage there...

K9's wrapped up mid year and after 3 years of Confidential Commercial Discussions should have lump of doe attached to that..

Best of luck to all holders... now lets see what Management do with the money.....