Ann: Update on Heart Failure Trial and Funding of Operations-MSB.AX, page-96

I'm also at a loss about how the providers of these facilities can demand such lucrative terms for themselves - but are you sure that PRR's terms were less onerous than MSB's? It looks to me like it's the other way around.

Maybe I have misunderstood something (I mean that quite genuinely), but it looks like PRR issued stock at a 7.5% discount, paid a fee of almost 1% of the entire funding amount up front, and granted options with a strike price of 140% of VWAP. Meanwhile, MSB is going to issue stock at a 4.5% discount, and options at a strike price of 200% of VWAP, with no up front fee. Doesn't that make MSB's deal much better than PRRs?

http://www.marketwired.com/press-re...itutional-investor-bergen-asx-prr-1952888.htm