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2.9¢ chimeric therapeutics limited

A neat and logical response to the many nervous nellies out...

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28/11/23

14:31

Post #: 71147296
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Originally posted by y0w4ll3t: ↑

In the pre-revenue biotech space you need to be across how CRs work otherwise you will never get your average price right. This particular raise is the one to get heavily involved in. The reason why I've been scooping up shares prior to ex date below the CR price, I don't know who was selling there but thank you.
The reason why is that you are guaranteed another CR won't happen without a shareholder vote, it's all available on the asx rules 7.1:
ASX Listing Rules Chapter 7 - Changes in capital and new issues https://www.asx.com.au/documents/rules/Chapter07.pdf
In layman's terms can't go over 15% in a 12m period without a vote. It's no coincidence that the ratio was 1:8 in this raise.
I agree with Steini that the progress at IMU is positive for CHM as well. If they take off and CHM stays depressed it's almost a no brainer for them to launch a bid.

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A neat and logical response to the many nervous nellies out there, wetting their knickers about future downrounds

CHM Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $24.70M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.8¢	$25.82K	913.8K

Buyers (Bids)

No.	Vol.	Price($)
6	5503899	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	301388	4

View Market Depth

No.	Vol.	Price($)
6	5503899	0.027
5	798000	0.026
4	560000	0.025
10	1506666	0.024
8	2749207	0.023

Price($)	Vol.	No.
0.030	301388	4
0.031	451071	4
0.032	1550000	3
0.033	1223252	5
0.034	86001	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 2.9¢			Change 0.000 ( 3.57 %)
Open	High		Low	Volume
2.8¢	2.9¢		2.7¢	743366
Last updated 15.44pm 03/05/2024 ?

CHM (ASX) Chart