Class action, page-218

Hi Suzuki, what Admedus absolutely needs is some breathing space, the situation seemingly defies logic, from the point of view of a ordinary ‘punter’

Logic; 24 mill in revenue, likely to compound, TAVR IP that has huge marketability, both offset though by very poor market sentiment because of; continual concerns of funds to ‘keep lights on’ and resulting uncertainty.

How many other companies have a similar CR history similar to Admedus?, it is downright ugly!

ASX; RAP, $1.90 consolidation sp!

Breathing space; in a ideal World it would come with a MDD sale and a TAVR deal, at the minimum the first to give the latter a chance to further negotiate!

Both unlikely in the short term, imo, so that leaves a another CR!, the amount of shares to be issued plus future options to be exercised at 8 cents (?) is likely (?) to require a further consolidation!, imo.

Cr to ‘keep lights on’ until news on MDD sale and TAVR deal, both would absolutely have to be imminent in a 6 months plus time frame, Market sentiment on the prospects of this happening will be the guide to this, imo, that best case scenario is that both happen AND despite WP selling this company out for less than 1 cent pre-consolidation there may be some minimal relief to RI.

How Admedus got into this position? ..... absolutely sure it was not from design, simple as WP out of his depth despite his impressive background in other areas of management.

Maybe burningtiger was on the right track in the distant past, this is in hindsight though, WP did seem the man to do the job, this obviously has not been the case unfortunately.

Not keeping it ‘real’ has lost him his credibility, imo.