I think it possible that Jai is a SI or knows a SI who was offered shares at 2.5c.
How have I timed my run twigmanIt IMO will go lower than 2.5c if that is the raising price so I wouldn't buy on open unless there is positive news linked to the raising (which is what Jai may be alluding to?).
Existing shareholders have time to decide when it comes out of suspension as they will be 'guaranteed' shares at 2.5c (either via rights or SPP) but those of us sitting on the outer will have to evaluate quickly whether to wait or buy.
I hope they are negotiating with a big pharma to take a cornerstone investment and they need the suspension as it is taking time and they don't want people acting on inside knowledge. Even if it is at 2.5c, it will light a rocket under the SP IMO and solve their funding issues. Probably far fetched but Greg Collier et al did get Cephalon to snap up Chemgenex so who knows![]()
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