Exact text is "pending the release of a material announcement...

Exact text is "pending the release of a material announcement concerning capital raising".

This is identical to the wording for the halt when they issues $5.1M to 'sophisticated investors' in May.

So what is it y'all? A rights issue to all shareholders or an aleady finalised private placement?

I for one think this whole situation is one of those gift horses that come along only very so often. It's clear the drug is much better than anything else out there, but real world business management and some clear politics mean uncertainty and that is reflected in the recent share price. For people that get it, this is what opportunity looks like. Ambiguous, risky, not pretty. But tangible.

As always don't bet the house but for a 25c ticket you can have a shot at a 5-bagger or even more. And the chance to laugh at those who buy them back from you in December at two-bucks-fifty.