With a North American partnership well north of $1 imoWhat EMD...

With a North American partnership well north of $1 imo

What EMD need to do now is do a solid raise given less than 3 QTRs left atm. Tenmile has already publicly committed and are keen to inject some solid $$$ into the company and space. I would ask for more than it is required so say $10m from Tenmile plus a $5m spp.

The lack of funds is what’s pushing the sp down atm imo so with a solid placement with someone like Tenmile the market should gain serious confidence.

I’d be happy with $7-10m at 25c and wouldn’t be surprised if it was to be announced soon.

Post that there is Phase 3 trial results and of course a major partnership from the US via Karen Smith.

Btw Karen Smith has a pre-existing relationship and history with Twiggy so the set up here is not to be underestimated. Twiggy’s influence in EMD goes beyond the last placement imo