Too many red flags for them to touch due to:
- No IP moat (key patents are expired with more key patents due to expire in 2022 and 2024) - they've already had a copycat competitor emerge which they've tried to sue and failed.
- High cash burn rate
- They find the claim of a huge market bizzare given the rate of sales growth does not match the cash burn rate and long path to just break even
- Not shareholder friendly - dilutive capital raisings favouring instos
- Excessive management remuneration before they've achieved anything worth justifying it
- Given the above issues the valuation is far to excessive for them to even consider.
AVH on NASDAQ, page-929
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Last
$2.75 |
Change
0.120(4.56%) |
Mkt cap ! $185.2M | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.77 | $2.66 | $819.6K | 301.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1177 | $2.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.75 | 527 | 1 |
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| Last trade - 13.32pm 15/07/2024 (20 minute delay) ? |
| AVH (ASX) Chart |