buuut you forgot the continued plunge of the sp curve so that...

buuut you forgot the continued plunge of the sp curve so that insiders can get their hands on some cheap shares…lower than most shareholders who you are trying to convince to buy and hold

cash burn rate increasing at a hell of a rate

- new lease liability
- new resource/staff costs
- increase in staff salaries and benefits
- lack of intangible asset value in the books (NB!)
- weakening balance sheet (largest asset - cash lol)
- struggling with trial recruitment
- yet to get regulators involved in US
- what are they doing in Aus ASX
- long wait for commercialisation

private equity will be picking up some seriously cheap companies, particularly on the asx so the risk is that you could be holding onto hope that the sp bounces but never eventuates, becomes a dilution machine and then gets picked up for peanuts cementing your loss

this is being setup nicely for private equity