BOT 0.00% 32.0¢ botanix pharmaceuticals ltd

Ann: FDA Approves Sofdra, page-505

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  1. 2,228 Posts.
    lightbulb Created with Sketch. 1576
    I don't see it under pressure at all myself.

    The last week has seen steady trade keeping it at 7 to 14% above the CR price and trading volumes less than a 5th than when Sofdra got FDA approval and the CR was announced. What we see here is entirely normal following a cap raise at a price less than where it sits presently. Now if the volumes we up in the 30/40/50m then possibly there'd be some pressure, but what we see presently is just BAU waiting for the next announcement, following a 30c cap raise. But each to their own opinion.

    https://hotcopper.com.au/data/attachments/6302/6302475-b83fddfe50f44d60bea5dd2e72f151c3.jpg

 
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