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16:23
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Originally posted by GiddyYup:
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The price is under pressure because by now most people suspect that other than the quarterly the next significant announcement is likely to be the rights issue. They also most likely realize that we are probably already into the 30 VWAP period for calculating the price discount for the issue. Assuming the market price doesn't drop much lower during the VWAP calculation period (again, "assuming") and knowing the average discount Biotron uses (based on last 4 raisings), the issue price is most likely to be around 4.5c (somewhere between 4 and 5c). These assumptions are based on the historic behavior of this company.
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Lots of maybes or ‘paralysis by analysis’
(20min delay)