BNO 5.26% 20.0¢ bionomics limited

Where is support for this stock once buying at 15c is filled?, page-11

  1. 593 Posts.
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    Hi DDD, you might be right about all of that. I think any raising will be done at a pretty low price (whether by DR at the helm or someone else). That kind of isn't my concern.

    The company has to get some cash in the door and that is going to be painful. I'd also be a bit concerned about a new top-dog coming in and being able to rapidly dream up a strategy that re-invents the company with only a short time to do so. That can be a recipe for disaster too. I'd like to think the company knows what assets it has and has a hard look at those and makes some practical decisions about what can be done.


    Now, I will defer to your judgment about the broking community and who they might back. That might be the only way to decide on who runs the show from here forward (not ideal but the dollars are needed). Yes, you need to know who is going to be calling the shots once the money goes in but the decision might come down to "better the devil you know...". That isn't my call. It will be up to those who think there is something worth funding. I think there is. GLTA


 
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