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8.0¢ kazia therapeutics limited

I see it as a savvy move by the investor. He could end up with a...

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onesurfed

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31/10/23

14:02

Post #: 70641595
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Originally posted by BoroBoyinoz: ↑

I read it that an investor is kicking in US$500k tomorrow and then in 2 weeks time they have the option of taking shares or 50% shares and 50% cash.

If Kazia is happy to give 50% of the cash back, surely they must have somebody else lined up.

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I see it as a savvy move by the investor. He could end up with a million ADS’s if the sp stays where it is at the moment. Given the very short terms involved, my guess is he thinks there will quite the rise in the near future.

KZA Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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