@Treed, I goofed. The post to which you were referring, namely:...

@Treed,

I goofed.

The post to which you were referring, namely:

"I'm afraid your understanding is incorrect.
Because, if this was such a good thing, why do you think MSB, instead of tapping Kentgrove over the past 2 months, elected to raise capital via an entitlement offer?"

contained a typographical error.

Instead of referencing "...the past 2 months..." it should have read "...the past 2 years..."

In other words, my question is:

Because, if this was such a good thing, why do you think MSB, instead of tapping Kentgrove over the past 2 years , elected to raise capital via an entitlement offer?"

Apologies for the confusion.

(Incidentally, I don't believe the Kentgrove facility has actually been activated at this stage; the prospectus tabled on 19 January deals only with 2.0m shares and 1.5m performance rights to be issued to Kentgrove as part of the Facility Agreement between Mesoblast and Kentgrove... a de facto retainer fee, if you like.)