I completely agree with your sentiment but just wondering (as I’m sure the market is), how long until we get some results from the kol and an announcement of production. Can MEM make it until the end of Cy2019. Any estimates on r&d refund this year? Expenses will rise once all these kits are made and sent to the kol’s etc. I’m hoping the next raising is done over 10c but not sure they have the funds to get the trial results.
If that's the case how do we raise with minimal dilution? I’d support a pro rata raise, but with the top 3 owning 72%, can they afford to pay 72% of the raising? Spp costly and not enough shareholders, so likely to be a placement I guess. Therefore no one needs to buy on market. Just wait for the placement. Obviously we'll get a pile of presentation before any raising so I doubt its too near by.
Wish there was an easy answer. I’m reassured that the directors have a huge stake in this and so will want minimal dilution. Not sure how this plays out...
Anyone else got any thoughts?
@Capital Raising you were pretty spot on with EVS, what do you make of this?
What is driving MEM Share Price?, page-88
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