Mangement certainly ramping this company to the max which is great but why?
No need for a capital raise at least until the the BTX 1308 Psoriasis results are out.
Directors have skin in the game so dilution for them is a big negative which is why I was suprised they had the capital raise for BTX 1204 Dermatitis.
Unlike other drug treatments for cancer etc our team can ‘see’ the results daily : the following senarios for BTX 1503 may or may not have happened in real life
Doctor 1 - What side effects are you experiencing?
Patient 1 - SFA
Doctor 2 - Hi xyx, where the hell has your acne gone?
Patient 2 - I guess I’m not taking the placebo!
My point here is that the results are obvious to management but they have to choose their words wisely.
Reality Check : We have 761 million shares on issue is all relative so those looking to the $1 share price is not realistic any time soon but a longer term holders think Cochlear
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Last
32.0¢ |
Change
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Mkt cap ! $707.4M |
Open | High | Low | Value | Volume |
31.5¢ | 32.5¢ | 31.0¢ | $1.169M | 3.655M |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 274982 | 31.5¢ |
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Price($) | Vol. | No. |
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32.0¢ | 48600 | 2 |
View Market Depth
No. | Vol. | Price($) |
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23 | 1189777 | 0.100 |
1 | 10111 | 0.099 |
1 | 50000 | 0.098 |
1 | 50000 | 0.097 |
Price($) | Vol. | No. |
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0.110 | 555657 | 10 |
0.115 | 560304 | 6 |
0.120 | 829451 | 14 |
0.125 | 1083838 | 12 |
0.130 | 498290 | 12 |
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