Thanks NZ Trader, perfect summary!

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rodad

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23/07/19

11:58

Post #: 39647611
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Originally posted by NZ Trader: ↑

Hi Lfc, actually given that significant thought along with a few other holders,, the short answer is No, No i dint think there is a necessity for additional cash. PAA raised additional cash beyond the K9 requirement, they raised more than enough for the K9 Phase II in the first round of the Rights Issue, the second tranche was quoted as additional and was to further Human MPL trials. Plus PAA just received an R and D rebate , as well as Epichem having every Hood being utilised and contracts renewed.
PAA recently paid down on their finance facility which now gives them $1.2m loan facility should it be required while Ink is Drying?

As in my post above,,I do not think the market has cottoned on here that Elanco could be knocking in 90 days..... so plenty of cash to tie us over till then.
The Investor evening is really to introduce PAA to the wider investment community, PAA Management are aware that the Scientific Gains made to date have not been recognised in the SP..
Management have a significant financial investment in this project to date ,,, this close to the finish further dilution would be a serious consideration..

Never say Never but I cant see it ,,Unless we get a ridiculous run up, then I think we all would be saying "now might be the time to CR@30/50c"

Also we have invested the greater amount on the preparation for the trial, new pills, writing the parameters for the Trial, filing , that's 3 months work done, PAA will have already fully budgeted the trial to completion,, they have to , to be able to meet the obligations of the trial patients..and gain ethics approval..
Distribution of medication and monitoring by local vet and data analysis ,, sounds easy in 11 words,,, Knock Knock ,, Elanco

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Thanks NZ Trader, perfect summary!

PAA Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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Last 20.0¢		Change 0.015(8.11%)		Mkt cap ! $98.34M

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Thanks NZ Trader, perfect summary!

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Thanks NZ Trader, perfect summary!

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