Ann: Webinar Investors Presentation, page-17

Factoring (and variants thereof) mate. Cost circa 10% for 8 months

So if you have a figure in mind of 3.5M multiply by 43.5% and multiply again by 90%

Circa 1.35 in your assessment of R&D for 24.

They also spoke about tapering spend on the trails and explicitly said no need or desire for CR till end of Calendar year, preference for options exercise

Factoring wont be a problem given history and Govt backed program. Were always getting calls from people wanting to offer similar to our clients. Not super cheap, but neither is CR

DYOR