I have to admit I was “WAY” wrong in my analysis of Avita’s prospects immediately after the reverse split. One thing that I did not consider was the impact of the redomicile on the Aussie shares. Since it is now a US stock and no longer part of the ASX 200, the has had to be forced selling by any tracking funds involved with that index. I wonder if that might be a factor in the recent steep decline or whether I being delusional and not seeing something far more obvious. Thoughts?
Yes it actually was your typical reverse split. There is always an excuse after a split how the split was necessary and not your typical split. All smoke and mirrors folks. A split is a split. Like poop is a turd. And dumps and stock sentiment is always lost after a reverse split.
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