I think they only raised partial funding as a stop gap to keep the company operating and get the trial ground work underway while seeing if a potential partnership / licensing agreement can be reached.
If nothing materialises, then I guess they’ll raise the required trial funding from another CR, hopefully at a higher SP.
If that’s the case, quite a thoughtful approach and respectful of the shareholders, particularly the Directors participating substantially.
Annoying for traders, but good for those with a longer term out look.
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6 | 249720 | 0.205 |
10 | 329040 | 0.200 |
6 | 335952 | 0.195 |
14 | 310971 | 0.190 |
Price($) | Vol. | No. |
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0.220 | 88000 | 2 |
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