I signed up for the entitlement because1. The reward/risk is...

I signed up for the entitlement because
1. The reward/risk is that much better after a 30% fall. It doesn't matter that i lost money on paper it only matters what the outlook is under the terms. A few weeks ago the shares were worth 60c. They ought, rationally, to be worth more than 50c now. By end q1 2024 holders will be asking themselves why not buy more at these prices?
2. The continuing problem is PR is misleading us about timely deals or schedule progress, but as we do progress with trials we keep on getting positive readouts. As others have identified, probably, this isn't the last CR, unless the options come into the money. There will be a lot of news in the next 9 months, so there should be a reasonable chance of a SP >65c.
3. Hopefully we get a new Board member who can do the numbers on capital management and speak sense to the rest of the Board.
4. Hopefully that new Board member will recognize we need to take what we can get on MPS, and tell PR to stop dreaming.

PAR really need to move to ADRs in the US.