Now that the CR is announced it is up to CZD to manage its success. At least one announcement before pay day would be good. Most likely the completion of the BTM trial. A positive BARDA result in July would ensure success. The selling so far hasn`t been great and the gaps are wide. Closing the entitlement on the 11th is also good from an administrative point of view, the register already has too many non marketable holders. Pressure on the sp could come from holders needing to sell to take up their entitlements. The SPP isn`t underwritten so I wonder how much cash is needed from shareholders. The next week should give us some clues as to likely success. Have suffered some damage with the sp at 6.2c. ouch!!
CZD Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
