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2.6¢ benitec biopharma limited

News: BLT Benitec Biopharma says files for stock shelf offering of upto $20 mln, page-32

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Hoyland

4,015 Posts.

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02/06/17

14:13

Post #: 25065792
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Originally posted by lawrence1967 ↑

From the SEC filing:

The information in this prospectus is not complete and may be changed. We cannot sell these securities until the registration statement that we have filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where their offer or sale is not permitted

""Unless otherwise indicated in an accompanying prospectus supplement, we intend to use the net proceeds from the sale of the Securities for general corporate purposes and to advance our product candidates. We may also use a portion of the net process towards the possible acquisition of, or investment in, complementary technologies and businesses

And they state that they can sell them Piecemeal. This is a trading account to sell on good news.

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Even if you are correct, where have shareholders agreed to this? And why has this not been announced to the ASX?

BLT Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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