BOT 1.39% 35.5¢ botanix pharmaceuticals ltd

Ann: Appendix 4C - Quarterly, page-22

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  1. 6,266 Posts.
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    Just on the topic of the CR. It was done at ~21c not 10.5c where the company was only 2 months ago. So if the board hadn't timed this as well as they did we would have gotten half less runway for the same dilution. I think that deserves a round of applause, frankly. I feel bad for Matt who might be reading some of these comments and feeling he's been a bit hard done by considering the buckets of cash he's made for most holders here. Damned churlish. Even for people who've jumped in at the earlier peak, I don't foresee them sitting on a loss a month from now.
 
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