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8.0¢ kazia therapeutics limited

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cane7

4,133 Posts.

275

06/08/19

18:43

Post #: 39889653
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Originally posted by RBx: ↑

I'm thinking of buying some KZA.

What is the likely floor price when the CR takes place? We know that Convertible Notes would be a disaster because of low liquidity, so a placement seems to be needed. The current SP is about 37 cents so a 10% deduction would leave an issue price of 33.3 cents; and a 20% deduction an issue price of 29.6 cents.

$10 million at 33.3 cents would require the issue of about 30 million shares, while $10 million at 29.6 cents would require nearly 34 million shares.

KZA might decide to delay a CR until the last minute, hoping for good trial news. Perhaps they might try to raise a bridging amount now of say $4 million; then wait to see what happens?

Perhaps one of the enthusiastic US trial sites will provide funds to Kazia? Would that be a world first?

I suspect that some here who are close to the Company know what is planned. Any clues?

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Bob, it be great to have you on this side of the fence! Clues!! if your in the top 20 i,m sure James would fill you in.

KZA Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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