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8.0¢ kazia therapeutics limited

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JohnnyBlue

270 Posts.

39

08/04/20

23:00

Post #: 43960649
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Originally posted by monkeymagic1000: ↑

I'm not convinced that the case. I think it will create a minimum price threshold in a time when shares are going to be battered over the next year. Once the US housing market is hit by everyone defaulting on their mortgages, the world economy is going south. It's only a matter of time. I think we are going to see huge lows across the board, and Kazia has insured it's future by financing itself for the storm. Definitely could go below the 40, don't get me wrong, but I like this move a lot. Good luck to us all. We will need it.

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It's the oldest trick in the biotech playbook...you release good news, wait for the runup, then announce an offering.

I have NEVER seen this scenario before...been trading/investing since 1995.

KZA Price at posting: 44.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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