One more example how funds can be raised and guess what, done by ALA. Hopper fired Baker as a RAD director and yet, ALA up, IMU down over past 24 months.
Hopper and LC terminated the colab and prefer the use of loan sharks.
ALA on the other hand can easily find $$$$$:
10 January 2025 AROVELLA FULLY FUNDED TO COMPLETE PHASE 1 WITH $20M PLACEMENT Highlights: • Firm commitmentsreceived for a $20 million Placement at $0.17 per share, representing a 2.9% discount to last trade • Single cornerstone commitment of $15.0 million from an Australian-based private investor • Additional commitments received from new and existing Australian institutional and sophisticated investors, including from Pengana Capital Group • Post completion of the placement, the Company will hold approximately $30.6 million in cash and cash equivalents1 • The capital raised fully funds the completion and reporting of a phase 1, first-in-human clinical trial for ALA-101 in patients with CD19-positive blood cancers • In addition, Placement proceeds will support the continued development of Arovella’s solid tumour programs and pipeline expansion
ALA gets it done with max 30m, IMU needs $$ gazillions - strange
IMU Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held
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