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8.0¢ kazia therapeutics limited

Tinhat- Exactly right on both paragraphs. My cynical guesses...

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onesurfed

2,071 Posts.

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07/07/23

11:24

Post #: 68670633
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Originally posted by tinhat: ↑

If the volume was through the ATM we will get a notice of new shares being issued I imagine. It would be disappointing because they tapped shareholders for a capital raise on the basis they had suspended the ATM facility. Hopefully by the end of this CY pharma is more desperate to get their hands on our drug than we are to keep the lights on.

There are 288m ordinary shares on issue. 9.37M depository interests were traded on NASDAQ last night. That's 93.7M ordinary shares, the equivalent of 33% of ordinary shares on issue being churned.

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Tinhat- Exactly right on both paragraphs. My cynical guesses are:

There was no ATM use , volume was all churn by greedy traders and a few funds with algo programs running, BMNY trading arm included.

As I said to a friend who's also in Kazia, "why take advantage of an opportunity just because it presents itself?"

@Metrader, I had to resort to BBC sports to understand your post...

KZA Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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