I recently traded this stock from 7c to 10c and I'm waiting to take a long position as things do look fantastic. I'm a little hesitant purely because I have questions about Capital Raising to get this trial going next year. I hope I don't miss the boat but I wonder whether they will do a CR via placement to existing holders or whether they can get some money from a partnering type agreement?
Last time this management team were involved with a CR to fund a major trial, the said stock was pumped via a mention in a certain small cap stock tips publication. The price rocketed, the CR was a huge success but the stock subsequently collapsed as a result of several factors.
If a similar thing happens here, it will be an interesting ride.
OSL Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Not Held
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