Not offloading Avcat did buy a few more to offset the dilution...

Not offloading Avcat did buy a few more to offset the dilution though.
Most of us while not happy with the 2.5cent price and large discount can live with it on its own.

Adding the options does not appear to be part of any business plan more a side effect of market conditions and advice they likely received from broker used to undertake the raise.

Could the company have done a better job of informing progress and advancements in the months and weeks leading into the need to raise capital- certainly they could of and hopefully the “no news is good news” policy can now be buried.

The fact the 1000 cycle milestone came out during the SPP is not great, this doesn’t happen overnight modelling and basic predictive outcomes would have known this was coming for weeks if not months prior. It felt a bit like the 26cent raise where a great battery update came out SP was at record levels then swamped by a heavily discounted raise.

We have also now received a much needed update on where relationships are headed and milestones to meet, nothing in the announcement screams the business plans need $4m odd within 12 months at 3.5cents… and then a further whack at 5cents a few years down the track….its going to need much more capital then either of these big dilutive sugar hits will provide….good to see the progress in the latest announcement and hopefully going forward progress is shared much more regularly.

It is impossible to value something when there is very little info available, hence 2.5cents is what we all copped..reap what you sow.

Last day to vote today online for anyone still on the fence and not attending the meeting. Whatever everyone decides the company will still be trading on Wednesday (with around $10m cash on hand) the future still looks bright and from latest update appears the scientific, analytic and quality control staff within the company are still doing their best to meet the milestones set for them.

GLTA.