This PP took me as a surprise in its timing. I fully expected one maybe in the Fall of this year but I suppose they either need additional capital to fund another big project, pay off their Olympic sponsorship or their cash burn was much greater than anticipated. There are no details given by TO in the brief NR which is disappointing. I mean, if you're going to ask us for money, throw us a fricken bone. The inside trades last week could have been the insiders getting cash together for 25% of this PP mentioned.
I had participated in the previous PP last year but as I stated in previous posts APH is getting not a thin cent out of me or my family for any other PP's based on the pathetic IR we experienced through the Olympics. However, as a shareholder I hope that this PP becomes fully subscribed so that they can carry on business.
I haven't sold a share yet, but I am growing impatient. They have great potential, but unless I can see more solid signs and proof of where Alda is heading in it's therapeutic sales, I will remain skeptical.