Replies to post #5600 on Avita Medical Ltd (RCEL)

[Cre8tivmynd]

Ctrxman, Excellent post. As a clinical-stage biotech investor for the past 20+ years, I concur about the reason behind most reverse splits. Most are about imminent delisting. Not an issue here. There are landmines, such as dilution and short attacks in many of those cases. What certain bashers here don't say is that Avita, given its current cash position of $129 million, has absolutely no capital issues and likely won't for at least a year. So this RS is not about setting shareholders up for dilution. This is not a pump. It is merely fact. Thanks for sharing your views.

[Hezekia]

Excellent post Ctrxman! Thank you.

[miketrav69]

There will be a reverse split 1:100 ASX or 1:5 ADR, the financial effect on current shareholders on the day the transaction is finalized is zero. Instead of having 5 one ounce pieces of pie , you now have 1 five ounce piece

A reverse split is never good for investors. When investors see r/s they run. More dumps incoming.

[melody432]

Ditto Ctrx. I like the proactivity of management. The 3 equity raises they've done in the past year and a half have all been well used to propel the company forward. The first bought the production facility which lowered costs and raises margins. Second got an experienced sales and marketing team up and running shortly after approval. The 3rd was done in a friendly climate at a good price and oversubscribed. Thanks to that they are well capitalized. I believe the wound trials are likely progressing but due to Covid19 the vitiglo trials are probably on hold. Wish BARDA would get off it's butt on the pediatric burns as there are likely more scales with everyone staying at home.
Agree with you on negative posts, they can make you stop and dig a little deeper, occasionally they even have a point. Unfortunately the current basher, who does fly bys occasionally, tends to take real data out of context and turn it into something it isn't. But that seems to be a fad in the social media age. Once I figure out a poster is full of carp I just don't bother opening their posts.