BLT 0.00% 2.6¢ benitec biopharma limited

I thought 40 was horrendous. We are now 30. Will I be saying the...

  1. 5,224 Posts.
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    I thought 40 was horrendous. We are now 30. Will I be saying the same thing when we are 20 cents? Accumulated at 33 but it just keeps sinking.

    Is an EGM the only way so stop the arrogance and wealth destruction? Will the operational update next week make any difference?

    It's reaching the stage where the valuation of the pipeline is approaching zero which is a direct reflection on management if nothing else. They had a chance to maintain some positive momentum but they went silent at a crucial time and shareholders have paid dearly.

    The bids so far have just been fake props and they are gone in the morning. That, coupled with a price that falls nearly everyday is why the buyers have decided not to touch it at any price. Who could blame them. It no longer matters whether you pick it even close to the bottom.

    Last trade was 1 share at 30.5 cents. Says it all.
    Last edited by Westhx: 03/12/15
 
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