RE: Placing shares29 May 2020 22:58
Crookie36340,
I don't think we should put it to bed just yet , even though I would prefer to do that .
I had excluded the need for further funding whilst doing my initial research but now I am not so sure ....
I am not one to put on a blindfold just because I am invested ...
As Ghia rightfully said a P3 trial will cost a lot and therefore we would hope that à pharma will sign up to pay for this .
I had anticipated that the 14 million was sufficient to see us through these P2 trials but now I have some doubts .
I cannot logically say that we will have another placing before the end of this trial but neither can we exclude it , imo
If there is a placing to allow a partner to take a stake in the company, that will be well received by the market but if it's any other type of placement .....
In biotech investing , I have learnt to expect the unexpected :-)