Yes agree...sit it out and stay frosty. They said they wouldn't be into cash flow until early 2019...lts call it Feb/Mar. So they are only raising a paltry $5m which will allow them to cruise past the "early next year point".
I think TK said "at this stage" when asked if enough cash on hand. I don't read anything worrying into this...dilution (22c) means very easy raising no drama and money for jam for the investors...only 23 million or so shares (3.5%?) with low dilution rate so cop it sweet and allow the amazing future of ResApp to unfold in a troublefree and easy fashion.
Just sit back and plan how you are going to reinvest your dividends.
All IMHO but I reckon its no big deal...get the cash in fast whilst allowing a discount to the Sophs for the tiny chance of USA results having a glitch in them.
Otherwise, the raising would have been at 25 cents for twice as much and that would have been cause for concern.
Job's right! (I hope lol)
Ann: Trading Halt, page-83
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #