I think a lot of the angst is due to further share dilution...

I think a lot of the angst is due to further share dilution through a capital raising, particularly given the 2-year additional options extended to the 'chosen few' non-public approached under this plan. There is a view that this additional dilution may be unnecessary or inadvisable under the current economic climate should the 14m Yibin placement be approved and cash transmitted in the near future.

My hope is that the 3.6m placement is being set up as a backup to provide needed funds should the Yibin deal not go through, and can be shelved if or more likely when the FIRB tick is given