I dont think VCR understand what profit is.
They simply have lived on capital raisings, SPP's etc ever since they listed on the ASX.
We know Biotech startups can take a while but I personally believe VCR has missed their chance.
Now we see them emotionally almost twisting shareholders arms to cough up another $5K each.
They dont seem to be able to get money elsewhere and this looks desperate and like they are close to closing doors for a while or good.
Tread carefully on this one...just my opinion.
I dont like the management here...seem very out of touch with how to start, build and run a profitable business and expect people to just keep blindly giving them money for this AWESOME LVAD device that one day will make a mint.
Sorry VCR management...reckon you have royally screwed the whole company.
Very sad.
VCR
ventracor limited
why haven't they targetted profitability?, page-4
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