PTX 6.82% 4.1¢ prescient therapeutics limited

Ann: PTX Raises $7 million via Strongly Supported Placement, page-4

  1. 4,683 Posts.
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    Jesus - at 5.5c ?

    Now have $20m in cash BUT what is the strategy?

    PTX100 and PTX200 should be the focus, but the market doesn't understand where these programs are placed.

    Way too small to be doing everything, lets focus resources on doing one thing really well.

    Even the reason stated for the raise is grey:

    The funds raised from the Placement and SPP will be utilised for development of targeted therapies; Cell Therapy Enhancements; the development of Prescient’s next-generation CAR-T platform, OmniCAR; working capital; and costs of the offer.

    Frustrating.
 
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