Bionomics cash crisis looms, page-4

I'm not kidding myself - they are in a terrible position. I have ZERO faith in the current management team \ board.

BUT my honest opinion is the sum of their parts is worth more than the current ~$60 mill market cap. That, to me, seems screamingly obvious. 

It's definitely a race against the clock that I don't think the current management team appreciate - that's the bet. But I think the payoff is there.

Also while management seem inept at managing shareholder expectations, act very slowly and don't have particularly good cash management skills. I think their biggest drawback is they aren't honest & open - this is what I think will eventually make me give up on them. I'm still shocked at their one-liner about Agitation being slow to enrol. How long ago was that news story? It's only 40 people FFS.