PTX 6.52% 21.5¢ prescient therapeutics limited

Ptx to 10 bag by this time next year, page-348

  1. 3,562 Posts.
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    CR for what?

    The company has over 3.5 years of operating expenses covered with $16m cash on hand.

    The MD Steven has flagged the companies activities are well and truly funded under the current budget and provisions.

    For a CR you would need a significant announcement to precede it, a significant change in the current scope of activities.

    This was no pump, it was smart accumulators who know where this is going and that news is imminent. There is every chance they wanted to get in before Rebecca attracts some larger investors at higher prices equally at tomorrows big conference.

    The idea of smart accumulation isn't to just blindly chase the sellers, you go in controlled bursts and let the market come to you as much as possible rather than letting the horse bolt continually.
    Last edited by BigDaniel: 15/09/21
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