As posted on another forum
pgl....talk in the afr about raising $50mln may scare....
what it doesn't say is the coy. has stated that they will look after "existing" shareholders,and that 6million shares at $8 would be all that is required.so if you don't hold,you may miss out on a gift...especially if the yanks go beserk after the results are released.
it's peanuts and would leave the coy. with $90mln in the bank and 100% of the drug at the end of phaseIII.
assuming success,sniff,i can smell money.
horrible open, page-7
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