Equity sell off - is this the real deal? An update from Michael Frazis
He says quite a bit about Clarity.
- Frazis participated in the cash raise at $2.55,
- Sold some their holdings at $8,
- Sold a significant amount at $4.60, leaving just 5%!
The shorting strategy he describes (which he says he doesnt personally do) sounds like a terrible thing to do, if I understood him correctly: shorting a stock, then participating in a discounted raise! There's got to be a better way of raising funds, otherwise we are all being fed to vultures!!
Anyhow, he says the Cu6 timeline looks extended, and as a result, sees a potential for a cash raise in the next 12 to 18 months in order to bring products to market. But he also mentions other funding mechanisms that might change it all - a deal that brings someone else to fund the trials!
An important takeaway for those seeking reassurance about the company's products is that he sees NOTHING GONE WRONG with the company or its products. That's pretty much what everyone who has looked (including detractors who have gratefully shared their theses) seems to have concluded: the Fundamentals appear to be still intact!
Michael promises a new podcast from an interview he will do with AT next week, so perhaps there will be some useful insights! Although I suspect Alan will give away nothing!
Have a listen!
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clarity pharmaceuticals ltd
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Last
$4.38 |
Change
-0.280(6.01%) |
Mkt cap ! $1.628B |
Open | High | Low | Value | Volume |
$4.62 | $4.65 | $4.30 | $18.54M | 4.185M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 14980 | $4.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.39 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 14980 | 4.350 |
1 | 460 | 4.340 |
1 | 575 | 4.320 |
4 | 22231 | 4.300 |
2 | 7000 | 4.290 |
Price($) | Vol. | No. |
---|---|---|
4.390 | 2500 | 1 |
4.400 | 17000 | 1 |
4.420 | 20000 | 1 |
4.440 | 7029 | 1 |
4.450 | 9100 | 3 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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