Biota suffered a huge drop once it's relocation was announced, then retail shareholders got angry, they sold, more sold, so it dropped further... etc. It was hard to watch.
As news spreads, and delisting gets nearer, I would be a bit worried about this stock however not sure what the effect of the shorters will be. Maybe it will counterbalance it all? Dunno.
I guess we'll know by the end of the week after a few trading days digesting the announcement.
Someone asked why dont they dual list on ASX & SGX? Basically the cost. It is very expensive to keep up with two regulatory systems.
LNC Price at posting:
$1.26 Sentiment: None Disclosure: Not Held
