In a recent interview with Brett, at approximately the 4min mark, he explains that the $3.5mil will see them through to the end of the of the year/early 2021 when they hit 'cash flow positive'.
He adds that the placement offer was taken up within 12 hours - additional funds were raised to cover the cost of trials i.e. ArtemiC
https://www.a*usbiz.com.au/media/mgc-pharma-receives-ethics-approval-from-second-israeli-hospital-dor-product-trial?videoId=734
Ann: Trading Halt, page-26
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29.0¢ |
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Mkt cap ! $13.31M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $4.596K | 15.77K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2720 | 29.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 4947 | 1 |
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