Avita Medical Ltd (RCEL)

[melody432]

Same reason the outpatient Medicare payment is delayed, government agencies have had other priorities of late. Looking through the 13-F filings on Edgar shows little selling by major shareholders throughout this sell-off. The fairly low volume would indicate mostly retail. Nothing material has changed other than the recent equity raise (once again oversubscribed). And that gives them the wherewithal to complete their 3 trials and finish the burn rollout. Covid slowed things down, it didn't end them.