On the matter of the $15% drop on the announcement on Monday it is my speculation that punters, sittting on a 3 or 4 fold win may have thought, hey what if we lose a H2H battle and bailed out, thereby triggreing stop loss after stop loss resulting iin the 15% plummet.
I too chuckled at the first (b)anker who when asked to respond to the question on the CR discount opted to "take it offline" before being embarrassed by two thers who chose to respond, followed by Alan. Soft cock! Lets face it, hindsight only tells us that the cap raise is oversubscribed - had it been at a premium would the same result have occurred? As Arj Barker once opined in relation to Michael Phelps being busted for smoking dope - How many gold medals do you have to win before you can enjoy a bong hit at a friends house?
We don't know yet!
The main takeaway was its all or nothing in regards to a big pharma buyout, so maybe not as soon as I'd previously expected (2024)
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