It's no different than in Australia, the terms are whatever the buyer and seller negotiate. The only real difference is that options added to a fundraising are called warrants in the US to distinguish them from options provided to management as compensation.
Exciting news about the dual implantation. It's another thing he can point to when trying to entice institutions to participate in the next fundraising round. With Wayne you do get a lot of good with the bad. He's consistently moved the clinical program forward and has shown that he can raise massive chunks of money, which is not easy. The difficulty of that level of fundraising for a small company is something I can't emphasize enough. $90 million USD doesn't just materialize out of thin air no matter how compelling your product is and later this year he's going to have to conjure up a similar amount again.
AVR Price at posting:
$6.66 Sentiment: Hold Disclosure: Held
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