Chris Behrenbruch the ASX long tail wizard!!!

Imagine all the 0.65 Dollar investors having kissed their cash goodbye..... $ 50 million in total.

Paying 65 cents at IPO  for shares that sold a few months ago to Pre IPO investors for 17 cents. Monash Absolute Investment Fund celebrates having invested at 17 cents!!!!!! Today the stock is trading at 58.5 cents.

Well done Chris!!! The best validation that Oncosil is a great company.

The morons at livewire are now spruiking the stock and regurgitating the IPO rubbish as if they are biotech experts.

Where does the downhill share price stop for this stock? at Pre IPO levels?? 17 cents perhaps?

"Telix (ASX: TLX) listed on the 15^th of November at an IPO price 280% above its pre-IPO price. Telix is a biotech firm that is developing molecularly targeted radiation to identify and treat cancer. It raised $50m at IPO for a total market capitalisation of $130m. It is reportedly the largest biotech listing in Australia since CSL.
We invested in Telix pre-IPO in January at the equivalent of 17c per share on the understanding that it would list later in the year.  It IPO’d at a price of 65c which is where it finished at the end of the month after trading as high as 85c. Pre-IPO our exposure to TLX was quite small, amounting to almost 0.4% of the portfolio."