BNO 5.26% 20.0¢ bionomics limited

BP still has it at $0.69 with BNC210 license intact, page-25

  1. 707 Posts.
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    My posts on MYX were cautionary as others on those threads were getting carried away - not unlike some on the BNO threads.


    Last post I think suggested that the stock needed to consolidate around $1.30 before it could move higher.


    I stand by that comment, just as I stand by my belief that sooner or later the Board of BNO will accept that the idea of racking up debt without any certainty of how it can be repaid is an unwise strategy.


    I still think that large holders are no longer as committed as perhaps they once were.


    The recent wobbles on Wall Street will result in both mandate changes and redemptions which increases the risk of larger holders selling.


    Given the depth of buying support for BNO, that could get messy - irrespective of what you and others believe the stock to be worth.


    All real world challenges I am afraid.


    I wish you best of luck.

 
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