When Botanix re-lists it will list at 2c.
HOWEVER there is a consolidation; for every 3 1/3 shares you own before the re-list you will receive 1 share in Botanix.
At .006 the price is equal to the raise price of 2c.
So, currently at 1c people are paying a huge premium.
ANYONE BUYING ABOVE .006c IS PAYING A PREMIUM.
.006 = 2c
.007 = 2.4c
.008 = 2.8c
.009 = 3.2c
.01 = 3.6c
So those buying paying a premium are hoping when this relists at 2c it goes up and not down.
You are paying a 16 pip premium at 1 cent. It really shouldn't even be above .008 at the very most.
At .008 you are paying 2.8c! that's an 8 pip premium. Personally, I would just wait until re-listing and buy in then. It reduces your risk. I honestly don't think paying a premium of either 2.4, 2.8, 3.2 or 3.6c for a 2c stock is worthwhile.
Hope this clears things up for you. Some people don't realise and think they are buying at the current price but don't understand when it re-lists the price changes and they are effectively losing out without even knowing.
Smart investors know this should never be trading at 1 cent pre consol and re-listing. It just doesn't make sense.
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5 | 284373 | 0.355 |
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Price($) | Vol. | No. |
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