Something is defintely going on but nobody knows whether good or bad. If there were such a rush to announce a raising with the discount going against the price momentum, but then offer no details, prospectus or dates, then clearly that is a paradox. After all it is not in OBJ keeping to offer any information freely, so why announce something that hasn't been determined as yet - very odd, but the only consistency of course is the lack of details. If a major partner were exiting or trial results bad, then not sure either of those would have had the impact of this self inflicted wound on the price and sentiment. Sentiment change due to the market is one thing, but sentiment change towards management takes a lot more to repair. The real question is as to why the rush to announce the issue proposal citing the breakdown in funds use as only information? If for development as they say, is there a silent partner somewhere that required confidence in fund availability before committing - assuming the issuance was for the actual reason of inhouse development? There are a heap of other possible speculations, but hoping it's not due to something negative as regards current partners since using a raising as a cover story would be incredibly undermining in terms of management confidence and trust.
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