yeah I also thought that, perhaps it is in the numbers of their modelling somewhere but it didn't jump out at me... I.e. what would their valuation be if the trial is a success?
they mention expecting a capital raise next year but without a view on the price they expect (assuming good results in trial) then I don't see how a capital raise can be taken into account...
FTT Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held