Hi Stevie, the company is in a weak position, not a strong one, it’s saving grace though will be it’s ability to attract funding (albeit at less than desired levels) for the foreseeable future.
Share dilution is not the real problem IF it can be achieved at appreciating levels, instead we see the sp appreciate, then sold into, a languishing sp and then a new swathe of shares issued at those levels, this cycle then repeats itself.
More than a fair chance the company will continue to raise funding for at least a couple more years before any chance of a buy out.
How does the company overcome entities that have bought ‘cheap’ then sell into sp rises, …. it’s the ‘give me’ that continues to gift these entities until such time there is a lasting sp appreciating that should overcome this cycle.
Fund managers do not buy on Market, WP has said this, so any significant sp rise will come from where?, from price sensitive sp announcements that are then sold into?
The sentiment that further dilution, at any levels, will be worth it because the current IP will be commercialised at some time then needs to impact for RIs.
That scenario is not necessarily a given ….. to some extent yes, to its full extent?
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