PTX 0.00% 4.0¢ prescient therapeutics limited

Ann: Prescient Completes Equity Raising to Raise $9.1 Million, page-8

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  1. 1,075 Posts.
    lightbulb Created with Sketch. 43
    Ok.., like many others mixed emotions and thoughts (typical aftermath of most CRS).
    Half the voting power (double the registry) with only 20% entitlement to current holders.
    But., One needs to welcome the new investors and commend the ptx team on the new funding, and I suppose, not exhausting current investors on a 1-1 entitlement. (The above is all IMO).
    Facts:
    Funding for Trials ( including the imminent commencement of the ‘basket’ ptx100, hence 4 concurrent, secured for the next 18 months (Ann).
    Read-outs on all four within the above time frame.
    Approx 100mil oppies exercisable at 6.25 cents each ( higher strike possibility), hence a plausible < $6 mil addition funding within the next 2years.
    LTAH
 
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