ALA 3.23% 15.0¢ arovella therapeutics limited

Artimist AGM, page-28

  1. 2,746 Posts.
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    Don't find much strange about the stock price being down post AGM. Prospective buyers obviously believe there will still be time to enter before any significant upswing takes place.
    Up front payments will be expended prior to any royalty income from the recent deal, Artimist still some time off, 003 still undergoing the reformulation process and so on......
    The above and the AGM content can't exactly rule out a future capital raising at some point after 9-12 months. I suppose if there was a greater degree of financial underpinning, the share price would have corresponded accordingly. That stage is still a deal or few upfront payments off, assuming the deals are similar to that which was recently struck.
    Artimist needs to be concluded ASAP to take the pressure off.
    I am still positive about the future.
 
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15.0¢
Change
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15.5¢ 15.5¢ 15.0¢ $63.39K 414.8K

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No. Vol. Price($)
8 384976 15.0¢
 

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Price($) Vol. No.
15.5¢ 228483 5
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