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33.3¢ botanix pharmaceuticals ltd

this should be last CR.next comes consolidation.my opinion

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rae915

4,622 Posts.

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21/06/24

05:39

Post #: 74416413
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Originally posted by profitsforme: ↑

Yep I'm of the belief the funds that are getting all these discounted CR shares are using the share volume they and their clients (who they act on behalf of) receive to keep subduing the SP while still making profits the entire time because they received the shares at a discount. Very common pattern to see on intra day trading where the share price runs a few cents and then the sell side loads up with a 500 000 - a few mill of shares at a 0.5c - 1c discount to the last trade keeping it from getting too high, repeat day after day after day. Then they just hold out for the next CR to be offered and again they've got a whole new amount of volume at an artificially lower price point that they have carefully curated to repeat the cycle. Who else has this kind of volume to continually throw up for sale keeping the share price down? Very succinct post I am of the exact same mindset, BoD have not acted in the best interest of shareholders. Not impressed with this CR. Could have raised the $60mill easily at a higher price if it is true it had oversubscribed with commitments of $150ml.

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this should be last CR.
next comes consolidation.
my opinion

BOT Price at posting: 33.5¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 33.3¢		Change 0.013(3.91%)		Mkt cap ! $597.3M

Open	High	Low	Value	Volume
32.0¢	33.5¢	32.0¢	$668.4K	2.040M

Buyers (Bids)

No.	Vol.	Price($)
14	250862	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	801106	14

View Market Depth

No.	Vol.	Price($)
14	250862	0.330
11	622881	0.325
28	1344891	0.320
14	1001633	0.315
22	2007358	0.310

Price($)	Vol.	No.
0.335	801106	14
0.340	1050647	16
0.345	173715	9
0.350	293595	9
0.355	133069	6

Last trade - 13.16pm 09/07/2024 (20 minute delay)

BOT (ASX) Chart