book, page-178

I just think if ftt is confident of success then no need for a raising (and I think they are confident (me too)).

If not, and a bad result comes, then ftt is dead. But if they milk the market for $10m now then they all keep their jobs for some more years.

I don't think they will do a raising, but I've seen it happen before.

As for today's drop, well the markets around the world took a hammering, along with some asx biotechs that have run recently like bit, mem, anp, sud. The former probably on fears of a cap raise.

cheers