Has everyone forgotten that FDA was fully expected and hence the rally into the news? That was in many respects priced in. What wasn’t expected was a massive raise.
nevertheless, the stock is still up after a massive CR and is now cash rich and fully funded to commercialise the approved product which is a huge opportunity. Also with an enriched shareholder register. This is a reset and a re rate. It’s not a day trader / punter stock anymore. It’s a real going concern with real value and commercial upside that will take time.
astonishing that so many folks upset about this result give the long term upside has been cemented. insane, if not childish to cry just because you didn’t get it all at once.
Ann: Botanix $70 Million Institutional Capital Raising, page-60
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34.5¢ |
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Mkt cap ! $543.4M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 11 | 410003 | 34.5¢ |
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| Price($) | Vol. | No. |
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| 35.0¢ | 346713 | 8 |
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