Avita Medical Ltd (RCEL)

[jugs]

Yes, it's a reverse split taking five old shares and converting them to one new one.

Management felt it necessary as there were so many shares in its original place of domicile (Australia). Consolidation should make things easier.

My hunch is that the far smaller share structure will make us more salable to a major pharma---this, plus being newly domiciled here in the States---and our blockbuster technology building an ever larger base in the medical device arena---we are on the edge of being super-discovered by a world hungry for medical breakthroughs. And then there are the large institutional investors not allowed to buy a company's shares priced in the penny stock range. Now, they can buy.

Don't you think this is why I have 24 shares and am adding constantly?