PSD psivida limited

They've already said that they have enough cash to take...

  1. 360 Posts.
    They've already said that they have enough cash to take Brachysil to market. Only in March GR said that they decided not to support the Nasdaq listing with a capital raising because they did not need the cash and they didn't want to dilute everyone's shares. It would be received very badly to do a big raising now with the share price well down since the Nasdaq listing.

    There's also the sale of the orthopaedics/tissue engineering part of the business. We don't know how that's going or how much cash it will bring, but a raising now would be interpreted as a lack of interest from buyers. And that's only weeks after PureTech, which is working on the sale, was issued a heap of options.

    I see no capital raising on the horizon.

    Pezz
 
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Currently unlisted public company.

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