ALA 0.00% 15.5¢ arovella therapeutics limited

Ann: Rights Issue To Raise Up To $3.44 Million, page-21

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    SUDA’s CEO, Mr Stephen Carter, commented:
    “It has been a good quarter for SUDA withseveral milestones achieved. In addition, we are working towards multiple potentialpartnering deals this year as well as managing our existing alliance partners.
    However, weare conscious of our cash position and are evaluating several opportunities that focus onnon-dilutive funding to strengthen the balance sheet.”

    What happened to those several non-dilutive funding they were working on back in January 2018 - since then we have seen them sell off WC, do a cr in August 2018 which doubled the number of shares and now we have another cr in less than 12 months.

    One can not believe a word of their claims of working hard, getting close to deals, being a world leader etc etc
 
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