RE: The likely situation regarding financing will be as follows19 Mar 2024 17:25
Bigeasy94
I don't believe they went for a big placing, that maybe a main reason for low low price SP.
Nigh 80 million market cap so to raise 6 million dollars investor will want a bigger slice of the pie.
I would reckon that they would have benefitted raising 100 million with the intention of taking 1801 into phase3.
However, this would not fit into Sareums plan of looking to licence end of phase 1 b.
It would of given finance to 1802 too!
Yes dilution would be heavy but nowhere near the same devastation as we sit at the moment.
Yes pharma are corrupt and l have posted heavily with regards to corrupt pharmas where billions have been paid in fines, GSK being one of them.
Emma Warmsley has not had her pay increased to 13 million dollars a year for doing diddly squat.
Partnership of some sort with up front finance is a good way forward and I would like to think the BoD are working their ar5es off on this one, or along these lines.
Regards