AVE 0.00% 0.2¢ avecho biotechnology limited

Ann: Change in substantial holding , page-5

  1. 5,796 Posts.
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    KC didn't they get another $5m or so, or about 40 million shares at 14c.

    My prediction is the 40 will go. Probably saw the recent cash raise as a chance to make some good coin. These companies have to realise some gains occasionally. So may have another 15 or so. Who knows.
    From understanding of the game, regardless of what the analyst says about a company, if the money man wants to sell, then so be it.

    The upside is that since Jan about 100 million shares have been bought at around 20c or above. I also believe that a fair bit of this has been through Asian investors, with probably more to come as the crew are probably doing quite a few presentations as we speak.

    I think you'll find there are no fundamental reasons concerning Orbis that is leading to the selling,

 
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