I am not whinging here guys ... Let me start with that before you jump on me .... Lol
Unfortunately you cannot make an announcement on the day that dosing is expected saying "we are screening" and now let's talk about our capital raising .... Lol
Markets expect that you do what you say
Preferably .... Continuous updates circumnavigate shocks when things don't go exactly to plan. I know you all think I am labouring the point ... But this is an important point that appears to be lost on the benitec board.
The sell off today is 100% attributable to benitec a preference of talking about how much money they can raise as against the dosing of patients and the core business in which we are investing
As has been pointed out .... The cr is already past the post ... Hoyland is correct in stating that boards already have the numbers before acting.
I am not just taking wild guesses as to benitec a plight and my observation that they ignore their investor base. I have been a director of a public company myself and am very much aware of leaving shareholders guessing ...... Every day should be devoted to keeping shareholders informed and on your side
As far as the bottom of the share price goes? .... I would suggest $1.35 .... When the capital raising was first announced ... I dumped the lot at around $1.62 and bought the lot back at the absolute low of $1.35 .... It then went to $2.38 in a hurry ... Could be a similar result here.... After all ... We now have a broker update for the share price at over $3
BLT Price at posting:
$1.59 Sentiment: Hold Disclosure: Held