RNO 0.00% 4.0¢ rhinomed limited

Ann: ResMed Inc to sell Mute snoring & sleep technology, page-80

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  1. 13,640 Posts.
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    HungHing RNO is a bargain even at 5c

    i think we will see another announcement pre open and another run away gap.

    possible announcements:
    - ethics approval for their new obstructive sleep apnea technology.
    - divestment of Vibrovein Marxman which according to MD "determined to ensure that the sales process recognizes the unique value of the brand and provides opportunity for shareholder upside" - from 30/April/2015 ann.

    multiple products including turbine (already generating revenues) and Mute which is a shelf-ready product expected to make money this year.

    long term distribution agreements with majors including Sigma (900M company), Symbion (which owns Chem-mart) and now Redmed (9BN company!)

    and as you mention, a lot of options @6c... do you know how many? is it 267m? if so, that's 16m in the money options

    MD also mentioned that revenues would reduce cash burn so don't think a CR is necessary at the moment.

    all very very exciting

    the makings of a beast imo.

    8c is next target then 18c (100m CAP) imo.

    Cheers,
    TraderRR
 
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