OPT 0.00% 38.0¢ opthea limited

Ann: Trading Halt, page-4

  1. 16,668 Posts.
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    Not sure I understand how a price drop would be beneficial to the company, although I guess you could say it might be beneficial to share holders wanting to participate in the capital raising, if they get the opportunity. Anyway personally I see the drop as caused by Packer getting out of the stock for whatever reason. Maybe they fore-saw the capital raising, or more likely they wanted the cash for another reason.

    However, I also believe the results are favourable, and they want the cash to put themselves in a good position for the P2b trial.
 
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