shareholders were begging for:
NASDAQ listing - in the works
More US presence - done
Less insignificant announcements - done
Raising cash at a premium - wait and see
Advancing clinical trials - done
Setting up a lab - done
Collaborations with others to create possible improved vectors - done
Collaborations with others to improve techniques - done
Expedite patient recruitment by increasing trial sites - done
Investigate using shRNA with CAR-T - done
Sort out issues with Biomics - done
Less dilution - done
Now, I won't bother putting up a list of things they haven't accomplished, but are management really doing that bad of a job?
Look at the other RNAi and gene therapy companies. Their market caps are all down significantly over the past few weeks. Benitec is obviously no exception. The wind has simply gone out of the sails for the meantime. Benitec still have 2 months to wait for news before they list if that is what they want to do.
Personally, if it doesn't go ahead, I won't be too upset.
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