They will need to hold the line at a bit over 30 cents/share to keep the mkt cap under AUD 300 million, but I am not sure this is possible, advisable or necessary.
Reasons for believing this are some of the tea leaves at the bottom of the glass, including
[1] FDA Moat: Botanix is forging ahead with FDA compliant trials on a broad front.
[2] Patent Moat: the PCT --> Wrays letter of 4/4/19, https://bit.ly/2kjwwl6 which, although it doesn't give us the patent, provides enough clues about it to modify my comment to: IMO Botanix' 26 rejected claims wipe out a multitude of other company's patents at the same time leaving 8 successful claims covering the cannabidiol Permetrex™ combination, and thus no royalties to be paid by Botanix to anyone other than the Permetrex™ licensors.
[3] Announcements
Summary: Botanix Announces Successful Acne Study Results (29/01/18 09:57):
https://hotcopper.com.au/posts/30621409/single
Summary: Botanix Announces Successful Atopic Dermatitis Study Results (06/06/18 09:43)
https://hotcopper.com.au/posts/33521881/singleSummary: Study Confirms Anti-inflammatory and Other Properties of CBD (19/06/19 09:31): https://hotcopper.com.au/posts/39125686/single
Summary: BTX 1801 Kills Superbugs Without Resistance World-First (20/06/19 09:16):
https://hotcopper.com.au/posts/39145606/single
[4] Summary: Vince Ippolito appointed as Botanix Executive Chairman (18/07/19 14:15):
https://hotcopper.com.au/posts/39582595/singleNote that the appointment comes about one month after the 19/06 and 20/06 announcements.
Botanix appears to mean business.
DYOR, I am not a patent lawyer - just my opinion.
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Last
34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $543.4M |
Open | High | Low | Value | Volume |
35.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 410003 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 346713 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 403003 | 0.345 |
16 | 304864 | 0.340 |
12 | 887560 | 0.335 |
25 | 2286069 | 0.330 |
5 | 853843 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 346713 | 8 |
0.355 | 48198 | 4 |
0.360 | 261992 | 7 |
0.365 | 522058 | 4 |
0.370 | 319527 | 7 |
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