I don't see why it is being suggested here that VLA do not need to raise capital.
Clearly they do....
The Chaiman's letter of 27/11/17... "With funds of $26m plus a $6m R&D tax incentive on the way, he stated they had adequate funding through to 2019. "
"through to 2019" is code for "the early part of 2019"..... 12 - 15 months away.
So $30million is good for a mere 15months. How quickly that will pass, and then what?... a scramble for cash in desperation mode??
I was shocked to realize how quickly $30mil would get chewed up.
All the manipulation theories will always abound, as always, however there does appear to be a case for the simplicity of reality.... "we only have enough funds for 15months, with Clinical Trials planned.
VLA Price at posting:
77.0¢ Sentiment: Hold Disclosure: Held
