@Murgambit it's actually a very good question and it really...

@Murgambit it's actually a very good question and it really depends on how Race Management views forex fluctuations, forex risks and forecasted forex rate.

Seeing that we are an Australian company and listed on the ASX, to take on less or minimise forex risks, not knowing what the forex is going to do/be by time of buyout (unless we have deep pockets like Soros, which even after everyone pays for Oppies it's still not enough to influence forex rate) it is best to OFFER, IMO, is to offer in AUD but obviously use the forex rate that is applicable at the time of promotion and sell of Race and converted to USD/Euro/RMB for their understanding. For example, in Dec21 promo starts and AUD/USD is say $0.80, then Offer price is say AUD300 ps, then the conversion is AUD300 x 0.80 = USD240 ps. Say the Buyout is not until 3 months later (say Mar22), and forex has changed to, say 0.83, then the calcs would be AUD300 X 0.85 = USD249. Due to forex fluctuation, it now costs USD9.00 ps more to acquire Race for big American pharmas, but no change to Race because our Offer is AUD300.00 ps. Ofc, if the AUD tanks, to say 0.75, then 300 x 0.75 = USD225 ps. Then to big US pharma, it's an absolute bargain, rather paying USD240 ps for this Platform Drug, now they're only paying USD225 ps... big US Pharma CEOs will fight each other to Buy! Buy! Buy Race!

Race Management has a price or valuation in mind or calculated already (and or adjust the valuation as data becomes available) and in some ways, regardless of what currency they use, it will be converted to the buyers' currency (US/Euro/RMB/NGN(lol) for their understanding and draw a line in the sand.

Race is in the biotech game and the end game is to maximise SHs value through maximising a buyout of it's plaform drug, Bisantrene. So, IMO, they need to minimise their forex exposure by offering in AUD and referencing any buyout figures back to AUD because eventually payments will be transfered to Oz and converted to AUD and distributed to Australian punters/investors of Race on the ASX. Then we use our AUD to party!