IMU 3.53% 8.2¢ imugene limited

yeah that's true, but in reality he only really needs to...

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    yeah that's true, but in reality he only really needs to keep the top 20 (and a few on the fringe) happy.
    the rest of us are never happy, we want the money yesterday, we detest cap raises, results don't come quick enough (or good enough) and most importantly we don't have the hundreds of millions he needs.
    And i'm not naive, I'm sure Paul is "reassuring" the top 20 in one way or another that their investment is safe(ish). When the top 20 start running then we have a problem.
 
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