Imo....a very disappointing report...cash held is down to $8.8 m...debt finance at $10.5 m
and the drop in revenue is abysmal to say the least ...their excuse ...dropping of unprofitable
revenue ...has been played for the last year ! Risk of failure/dilution is evident...what a
disaster this has been ...
Referring back to DR BB Investor webinar ....
https://hotcopper.com.au/search/search?type=post&users=jake0002thanks jake 0002...
at the 17.27 minute mark Dr BB infers that the ecological/toxicological testing for Alexiflam® NF
is due to be finished by the end of the year ....I took it as end of CY 2018....but , considering
the new timeline " ecological/toxicological testing for Alexiflam® NF is due to be finished by the
end of CY 2019 " .....I guess he was referring to FY 2018 .....is this a mistake ? ....or is it more of the
same obfuscation that was prevalent in the past and by the way their statement about revenues...
that they will be more than 5 times the ave of any previous quarterly recorded ???? ..is also as
clear as mud...TO Management ...if you got something to say ...say it clearly or don't say anything..
Anyway does this mean that the ecological/toxicological testing timetable has now been extended
out to CY2019 and then Toxic registration will then commence ...have we even got a product or
is it still in R/D phase ....
Want to trust Dr BB and current management , however....feels like I'm been led up the garden path...
the way i see it is AJX will still require a lot of luck and time .... glta
BTW ..the MOU with DOD has not been officially announced due to " price has not been agreed
on " according to Dr BB in the investor Webinar....why not ? ..is our price not competitive..?
