BNO 0.00% 1.0¢ bionomics limited

Presumably it got some love in order to get the cap raise done...

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    Presumably it got some love in order to get the cap raise done at 16.5c. BVF will probably get another hangover from this little adventure, but at least they can console themselves with the fact that they have lowered their average entry price. Very generous of them to help out I guess - or madness? What did Einstein say about doing the same thing over and over but expecting a different result? Hmmmmm............it will be interesting to see which bright spark they decide to overpay in order to fill the CEO role........ain't it great splashing around other peoples money!!! Good luck punters, any bounce will likely be short lived as they are essentially just replacing the December quarter cash burn.........which means there willbe another capital raising within 12 months.
 
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Currently unlisted public company.

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