unilife: parsing the debate , page-3

I personally thought that was one of the better commentaries of late for UNS.

Still, I cringed the whole way through this morning’s presentation.

I laughed when the analyst just wanted to know if the company had sales targets for the next few quarters, 5million … whatever…but what are they!!!!!! AS still simply can’t say that we won’t be earning any money for the next 6 months and we need to find in one shape or form a 20-25million facility/capacity expansion for Unifill. The company still cant set quarterly targets and doesn’t realise there are 8 quarters he needs to navigate before he gets his R&D Golden Pay-Off. When pushed he said he expects to start pushing Hikma and SA Unifills out there door July-Sep 2014.

So when squeezed about operating cash he suggested after a lot of posturing that up front payments etc will go close to covering cash burn for this financial year. I take it that means no facility expansion until next financial year?!?!?!?!?!?!