Ann: Botanix $40 Million US Lead Placement and Management Update, page-63

$5m @ 21cents is 23.8m shares which is a lot considering the average daily volume is really low. See average volume below taken from yahoo finance. I might be wrong and you might be wrong, who knows until it plays out. If you take the rose tinted glasses off for a minute and assess what happens after CRs generally then there could be downward pressure on the share price unless there's an amazing announcement before the expected results in mid to end of September. A lot of investors like a quick 5-20% profit, I'm not one of them personally but I try and read how the market works