could raise 80 mill, page-3

There will be a cap on the SPP. I dont think they should raise too much capital now, rather wait a year when the SP will surely be double the price and hence have less dilution in the register.

If they have around $40 mill now and raise another $20 mill, I think that will be enough.

Even if they burn $5 mill a month for the US trials then thats $60 mill for a year. Although they will be getting some reimbursement and whatever sales they can generate from Europe/Australasia.