Avita Medical Ltd (RCEL)

[pick]

Thanks! I thought I had kept relatively abreast of the redomiciliation, as well as the reverse split. Like many others, my sense of it is that the share price will drop afterwards, as most folks typically think of a reverse split as akin to the kiss of death.

Here, it's more of an alignment between shareholders Down Under on the ASX and shareholders on NASDAQ. However, only those longs who have invested time and energy to learn about Avita will understand otherwise.

Nonetheless, I would rather take advantage of the dip that I expect, and be able to increase my (meager) holdings.

Thus, the effective date of the reverse split becomes important not only for investment purposes but for tax purposes as well.