Happy Easter to all,
Look,
This proposed Consolidation (reverse split ) was always on the cards.
No surprise at all.
In order to get the UNIS price well up over 5$, (in order for the big end of town to be able to enter) one would estimate at least an 8/1 consolidation.
They should really do same on ASX but seems like they won't ,
reading through it all.
The good thing about a "reverse split" is that it decreases liquidity.
Therefore makes it less attractive for the Short Interest to play around with.
Options open will be treated accordingly as per Consolidation Factor & all other shares adjusted accordingly to keep existing ratios the same as pre Consolidation.
Otherwise,
This talk of AMGN having entered to run the company into the ground is nonsense.
Orbimed is running the show from the behind & thats a good thing.
Certainly far better than what we have been experiencing over recent years.
Yes,
the SP may ease further leading into May but ,
Mostly all is now in place for a successful turnaround especially with tailwinds of growth in both the Global Pre Filled & wearables Market.
Lets hope we finally get some real concrete honest numbers & forecasts soon.
We are due!!!
Best wishes to all from sunny Swiss Alps.
S.G
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