I have given you a thumbs up and a great analysis for that post, because it is true.
They have fallen behind on their scheduling.
All shareholders here are keen for a focused return to detail in 2020.
Considerable value has been eroded since the 20 cent IPO listing in June 2017.
The company has done enough promotion to define who they are and what goals lie ahead.
It is now time to tighten spending, create some momentum with multiple announcements (the company has been gifted the recent run, so now capitalise on it), procure broker investment and coverage.
Biotechs have really come back into favour in the last 18 months. Who would of thought MSB would be $2.50? CSL $300? AVH 75 cents? RHT 26 cents? PAR $3.95? Outside of CSL, all these biotechs have funding pressures of some form, so that excuse can't be utilised in my opinion.
Bob Proulx CEO did state in ASX announcement 22/11/2019 - Completion of Renounceable Rights Issue:
" These funds will allow us to now move forward with our plan for undertaking a first-in-human clinical study. This will be one of the most important milestones in our company's history - expected to generate much interest from investors and industry, and we look forward to keeping you updated as we finalise plans to initiate the study ".
We can't let another quarter get away. Looking forward to some news before February.
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