Benitec Biopharma Ltd (BNTC)

[Minding]

In the for-what-it's-worth department:

I have a knowledgeable and experienced investment friend who contacted Maxim. He wrote the following:

"Talked to guy at Maxim today. The BNTC deal should be done by Monday. It will most likely be priced 20 to 25% below the closing price on the ASE. I don't know if they will try to maintain the ASE price at current levels to help the buyers in the U.S. feel better. He did say that he was very impressed by their presentation. He does not have a position so he is impartial at this point. I don't know if he will be a buyer. This guy has seen lots of deals over the years and claims this is one of the most impressive med tech deals he has ever seen."

Also I need to make a correction to something I posted earlier. I said Maxim had been 'shooting itself in the foot lately'. I remembered today the firm I was thinking about was Aegis not Maxim. My apologies.

Kind regards,
Minding