ALA

1.61%

15.3¢ arovella therapeutics limited

The dawn of a new SUDA, page-32

First 32 Last

Share
Profile

Follow
Wasabibarako

12,997 Posts.

774

25/07/20

01:54

Post #: 46062722
Share

Originally posted by livas1: ↑

Hi Buckland

A comment to some of your comments:

"giving away around 50% of the company"
We dont know the terms of the payment of shares and cash to the City of Hope. The equity and/or portion could have been based on milestones reached for the Phase 1 trial which all else equal would have been at a far greater market cap than what currently exists. I have seen this many times before.
So to say that we were giving away 50% of the company is factually incorrect.

"putting them $10m in debt"
Yes you are correct. There was to be a $10m liability on the balance sheet. But dont forget the other side of the balance sheet, ie the asset side. It has the potential to be significantly more than what the cost was proposed to be. Thats why the management team went down this path.

"they couldn't get the deal past the ASX was just the fact it wasn't in the best interests of shareholders"
It is typically up to shareholders to determine what is in their interests, not the ASX. This deal was subject to shareholder approval.
However it is clear the ASX intervened which I still find to be beyond the scope of their mandate.

"the fact that Hopper changed the TGA submission and failed to report this, tells you he cares nothing about shareholders"
I actually think that changing the submission and improving the manufacturing of the product is in best interests of shareholders.

A final comment...

I think the proposed acquisition would have led to a significant increase in the share price. This would have enabled the company to raise not only the $10m they needed to pay City of Hope, but also to fund the ongoing development work for its current product range and JV partnerships. It would have been a win-win.

As I posted yesterday I believe this is the strategy of the new management team and I am supportive of this.

It is a different strategy compared to previous management and therefore may not be for everyone.

But I think that over time you will see it be a fruitful one for your investment.

Expand

livas1: "It is a different strategy compared to previous management and therefore may not be for everyone."

livas1/others: I for one for SURE want to see a DIFFERENT strategy with a POSITIVE outcome. Time will tell.

Wishing all holders a pleasant weekend 'down under'. Stay safe, stay healthy.

wasa

SUD Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

There are more pages in this discussion • 6 more messages in this thread...

First 32 Last

Add ALA (ASX) to my watchlist

(20min delay)
Last 15.3¢		Change -0.003(1.61%)		Mkt cap ! $160.3M

Open	High	Low	Value	Volume
15.5¢	15.5¢	15.0¢	$82.79K	539.5K

Buyers (Bids)

No.	Vol.	Price($)
1	18124	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	108897	1

View Market Depth

No.	Vol.	Price($)
1	18124	0.150
11	969094	0.145
6	527682	0.140
8	297411	0.135
9	608354	0.130

Price($)	Vol.	No.
0.155	108897	1
0.160	1719317	10
0.165	322812	1
0.170	327224	4
0.175	325336	4

Last trade - 15.46pm 12/07/2024 (20 minute delay)

ALA (ASX) Chart

The dawn of a new SUDA, page-32

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Immutep reports strong response rate from immunotherapies treating carcinomas

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The dawn of a new SUDA, page-32

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Immutep reports strong response rate from immunotherapies treating carcinomas

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News