The receptionist is beyond endangered - the position is extinct....

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whitewinesauce

21 Posts.

31/05/19

18:51

Post #: 38853582
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Originally posted by lawrence1967: ↑

There’s a whiff of opportunism in your post whitewineandsauce.

This mining company has major funding issues and was on the rocks and there were/are serious doubts whether it would continue as “a going concern”. Moreover, none of the directors in the mining company had any shares.

Benitec is funded across six programs into perpetuity, an extraordinarily strong and unique position for a micro-cap in the biotech sector and our chairman and CEO Jerel Banks has 10,000,000 shares with sizeable parcels held by the other old and new directors. We have just appointed world class scientists and researchers to work in our US labs.

Our partner Axovant has just raised at current levels and multiple massive (10 million) tranches of stock were bought at market by different professional investors and funds. Roivant, Axovant’s parent is a billion dollar organisation focussed on medical innovation, especially gene therapy.

I recommend you you maintain your surveillance of Benitec’s small obsolete office in Sydney in the hope of seeing one of the endangered receptionists.

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The receptionist is beyond endangered - the position is extinct. I am joining the dots and thinking that closing the North Sydney HQ is a pre-cursor to moving to California (not a bad thing) and so further alienating the Aussie SHs. Why remain on ASX? De-list seems the logical way to go (from the major shareholders' interest) but what would that mean for us minnow retail SHs?

BLT Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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