BLT 0.00% 2.6¢ benitec biopharma limited

IPO, page-19

  1. J8
    14,533 Posts.
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    Raising so much money is very prudent business in these times. If TT-034 does not live up to expectations then we will never be able raise $10m let alone $80m (Aud). It's obvious that management consider the Australian market has had its chances to buy in cheaply on market (as they did before the $1.07c CR) and won't be giving them a look in on this offering. All big Aussie holders are either set or on ignore. Don't bother voting, remember only about about fifteen percent of voters bothered to vote the last time! It's already a shoe in. I'm very happy it's underwritten and seventy cents should easily be the bottom. The US market will recognise BNTC as if it is a US company, this way good news will be bought by a market ten times larger than ours. It's is prudent business to get the company financially set before binary news. The future is secured for all programs.

    The SP could lift by three to six times quite quickly in the presence of a viral response ..... bringing us up to a billion dollar market cap.
 
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