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0.79%

31.8¢ botanix pharmaceuticals ltd

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rodad

2 Posts.

20/03/19

22:03

Post #: 37830859
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Originally posted by Hingdog: ↑

Settle petal, I said nothing that suggested the company didn't need to raise cash along the way, indeed I wasn't even talking specifically about BOT.

The BOD duty is to work in the best interest of their shareholders, not future holders, not people taking a CR, it's current shareholders. This nonsense about leaving value for the placement takers is just that, nonsense. The company should be raising money at the highest possible price, that IS in the best interests of the company and it's the directors legal responsibility to do so!

BOT specific, well it seems for whatever reason that 11c was the highest they were able to raise. The first one I didn't think was too bad, the second one left me scratching my head. But it's done, it's well in the past and it's now time to be focusing on the news flow across the rest of this year and into next.

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Well said Hingdog,

we aren't running the race or deciding the actions or plan requirements, the BOD is. We are just the investors who believe in the strategy the BOD has adopted.
Cheers

BOT Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 31.8¢		Change 0.003(0.79%)		Mkt cap ! $707.4M

Open	High	Low	Value	Volume
31.5¢	32.5¢	31.0¢	$1.082M	3.382M

Buyers (Bids)

No.	Vol.	Price($)
1	684	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
29.5¢	684	1

View Market Depth

No.	Vol.	Price($)
11	423267	0.105
23	1189777	0.100
1	10111	0.099
1	50000	0.098
1	50000	0.097

Price($)	Vol.	No.
0.110	555657	10
0.115	560304	6
0.120	829451	14
0.125	1083838	12
0.130	498290	12

Last trade - 15.59pm 22/11/2024 (20 minute delay)

BOT (ASX) Chart