Benitec Biopharma Ltd (BNTC)

[LINK Oracle]

2019 Annual Report (prior to redomicile) shows just under 300 mil O/S with no increases over the last 3 years.

Redomiciled into the U.S. Markets at at 300-2 ratio stock swap, leaving just under 2 mil O/S (which coincides with what some platforms show (1.6 mil)).

Company has $22 mil in the bank and another $5 mil in assets. In addition, they have enough cash on hand to run 3.5 years at the current cash rate which allows for continued operations with no dilution in the foreseeable future.

Company also has many drug in the pipeline with an Oncology drug in Phase 3.

Now why would a company move to the U.S. and deal with the FDA instead of staying somewhere less stringent? I think some VERY big things coming with this fish.

Looks like the early birds here caught the worm of a big pharma in the making. Watch the wires close on this one. They may need to forward split to gain liquidity with only 2 mil O/S and that will make many here holding shares now very wealthy. Storing these shares away myself. GLTY