PXS raised cash recently prior to LOXL2 results which were...

PXS raised cash recently prior to LOXL2 results which were expected in Q4 2018 but now has been pushed back to 2019.

I do agree with super that it is great they didn't raise before results. With the increase in SP, it would have been prudent.

The only thing I worry about with FTT is the cash position. Not sure whether you can negotiate from a position of strength with a very low cash balance....

My prediction is that results are released mid November as mentioned. The results are good and the SP rises. They then do a raising or do a deal with an upfront to shore up the cash balance. Then they get taken out.

All of the above could happen very quickly. I reckon all will happen before the end of this calendar year perhaps barring the take over.