PAA 8.11% 20.0¢ pharmaust limited

Ann: Trading Halt, page-48

  1. 2,509 Posts.
    lightbulb Created with Sketch. 1441
    Yep, not so bad in my view. No-one ever likes dilution and with good reason, but this is the real world.

    Good points:

    • It will give the BOD confidence to have money in the bank, when dealing with perspective partners.
    • Should be enough to kick off the Australian arm of the trial on time. [Keep in mind the FightMND 1.8 million grant if approved]
    • At around 10% dilution it could have been worse.
    • BOD/Management are backing themselves with their own money.

    Not so good.

    • The brokers/Sophs/Investors involved will probably start selling at 25c, but that's all part of the game.


    Cheers
 
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