I think you will find that Otto did a similar thing when RHY was 6 cents a pop - see Rhythm's ASX announcement of 23 July 2020. He put in $1.5m. I think you will find that 6 cents is an alltime low for RHY. Even on a dog day like today RHY is currently trading at $1.10.
Now obviously Rhythm and Oncosil are entirely different companies with different products and different markets. And there is a reasonable chance that lightening will not strike twice. But what can be said is that Otto goes all in on backing his judgement.
I think you will find that Otto did a similar thing when RHY was...
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 (20min delay)
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Last
$1.01 |
Change
-0.025(2.43%) |
Mkt cap ! $14.29M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.00 | $41.05K | 40.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 1249 | 1 |
View Market Depth
| Last trade - 15.47pm 20/06/2025 (20 minute delay) ? |
| OSL (ASX) Chart |