BOT 0.00% 38.0¢ botanix pharmaceuticals ltd

Ann: Botanix $40 Million US Lead Placement and Management Update, page-111

  1. 2,803 Posts.
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    "This raise contrary to Jala's respected opinion previoulsy has actually added value to us as can be seen by the best ever closing price. I mean hello. Did most of us think we would be in front today?"

    ... and just where have I suggested that the CR would not add value?

    Actually what the strong share price suggests is to use the following equation

    capital valuation before CR + CR funds = capital valuation after CR (1)

    in other words the company is not swallowing capital simply to maintain the board in the manner to which they have become accustomed, but in fact is adding value

    and since we all believe the management is adding value Equation 1 is appropriate.

    So: follow my analysis of post CR share price to its conclusion and realise we have in beef's post ...

    ... another attempt to put lipstick on the pig

    ... and a rather feeble one at that.
 
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