Btw i hope Shell is ok, she seemed quite upset the other day. We...

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MrWayne

68 Posts.

46

25/08/22

21:54

Post #: 63330370
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Originally posted by BigDaniel: ↑

"Just wish the allocation was at least $70,000
bigger Long term holders would have felt more appreciated, but I feel this wasn't for big holders."

It's a very interesting move from Steven.

The fact he has gone with a conservative placement of $8m? With $30k capping.

Directly to ordinary shareholders..

I'm of the opinion Steven could easily secure a sizable sophisticated placement as our position stands...But his avoiding it just this minute.

Strategically this could be a way of rewarding shareholders before any future placement...A placement to a sophisticate now would likely mean he would need a much larger placement as a total to satisfy both retail and sophisticates.

Note there are no options attached, nor is it underwritten...Another strong indication that Steven does not want sophisticates getting their foot inside the door at this stage of the game or having any options to anchor the sp or blow out SOI...Merchant Funds themselves declared they were building a position so funds are circling the waters...But they had better understand Steven is a shark.

Steven is possibly building the war chest to get us into the clinic where sophisticates will then be more than welcome to a sizable placement...At a premium on today's prices of course

We have a fantastically tight share registry and Steven appears to be keeping it that way...There will be a time in the coming few years when he will likely be raising $50m+ a placement and at $1 plus a share in my personal opinion.

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Btw i hope Shell is ok, she seemed quite upset the other day. We all have a few trades that dont quite work. Hope she comes back soon.

PTX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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