News: PBT Prana Biotechnology Enters Securities Purchase Agreement With Life Biosciences LLC, page-8

I hope for the sake of those suffering from neurodegenerative diseases, that this agreement with big pharma ends up a happy story. 

For me, it would take an SP of A$0.40 to break even, and I don't see that happening any time soon with a 33% dilution.  And then there's the possibility of a 10 for 1 consolidation which one of my other holdings did, so there was I with 10% of my original holding and still the share price refused to budge. Luckily, I only had A$3K in that one.  Not saying Prana will do a consolidation, just saying it's happened to me in the past.