BOT 0.00% 37.5¢ botanix pharmaceuticals ltd

When Botanix re-lists it will list at 2c. HOWEVER there is a...

  1. 365 Posts.
    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.
    Last edited by ehealth: 30/05/16
 
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