if a director of a company presented themselves to you as a...

if a director of a company presented themselves to you as a merchant bank with a third of their shares and said I need a loan what thoughts come to mind?
The first thought is to ask them what the future looks like, and the second is an assumption that any big payday is well down the road. Armed with those two pieces of information it would be a pretty safe play to hit the market with the 100m shares and knock confidence and sp around substantially. Given the term was 3 years they have had plenty of time to pick up the shares again much lower- job done, plus any interest off drawn down amount by PH. My forecast is that Macquarie will come to like Imugene very much, they just a bit dirty on the fact they didn’t already make a killing in early days.