Fidelity to cornerstone Recce Pharmaceuticals capital raising, page-7

will be interesting to see if the bots hang around now or if they were just part of this deal boosting and holding sp at higher level.

It was always a matter of when rather than if they go for CR and I guess larger discount is simply because amount of cash being sought in current climate is so large. I've no idea what phase 2 and 3 trials cost to initiate but this should get us a fair way.

I keep comparing to pyc as they are at similar position approaching phase 1, and they also recently raised around 26 million. The difference is PYC now have 2.9 BILLION shares on issue. Rce will now be funded well into the trials for a few years to come and still under 200 MILLION shares on issue. Amazing position to be in, now they just need to prove it works in trials. Future is secured for now.