The placement results for QT Vascular throw up an interesting surprise.
In addition to the substantial shareholders who continue to support the company such as EDB and Johnson and Johnson, there is a new shareholder just below 5%, Asdew.
Asdew Acquisition - Alan Wang took a very substantial stake in the Company. He is the same person behind very Hankore placement before it more than doubled from 5c.
There is another investor called Havenport which I have previously blog about, founded by the team at Legg Mason.
Let's see if the 2 new substantial shareholders can perform some magic to the counter....