Avita Medical Ltd (RCEL): Getting this without any PR information...

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Avita Medical Ltd (RCEL)

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Re: lawrenzo post# 3231

Thursday, 09/19/2019 5:55:41 PM

Thursday, September 19, 2019 5:55:41 PM

Getting this without any PR information explaining it from the Company is really bad PR imo. From the face value of my two cents it looks like the Company is adding 200million shares to its outstanding shares, while this seems to say that the for this issuance the maximum value of proceeds allowed is 10million at $5 per share so that means 2million shares of dilution is to be expected in the short term.

Having this drop without any news about Nasdaq uplist is really bad pr imo. I am curious about what everyone else thinks about this, but i am kinda wishing I sold today..

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Recent RCEL News

Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 12:48:06 AM
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