Ann: Trading Halt - Accelerated Offer, page-13

I'm a bit surprised the institutional placement is so small, I would have thought there'd be more demand by new institutions at this stage? The common theme amongst those stocks that have rallied hard following cap raises over the past few months has been heavy participation by institutional investors via placements (which makes sense intuitively as they will tend to accumulate significantly more shares on market to get their desired allocations and have significantly more fire power than retail). Oh well, seems like they're finally fully funded to the P3 readout so even if the share price doesn't do much over the next few months, the results will quickly reverse any pessimism and hopefully kick off the start of a more optimistic uptrend (assuming the results are as good as expected). Just a waiting game now, next few months may be tough but there's a light at the end of the tunnel.