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$6.60 medlab clinical limited

Ann: HOA with Arrotex to accelerate NanoCB access for Pharmacy, page-8

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silvahman

4,445 Posts.

337

18/02/21

14:50

Post #: 51122955
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Originally posted by Syadyppah: ↑

My estimates are $16M - 19M for the trials are required.
Coincidence that buried in an announcement I found <see below link> & price is conveniently hovering around a potential 15% VWAP discount.

https://hotcopper.com.au/posts/50191272/singleI could be wrong but from a risk perspective a CR to fund the trials would ensure capital is available to be allocated to continue normal business operations and focus on growth in other areas. If current cash and future sales are allocated to the funding the trials then on a risk basis It's touch and go.

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Unfortunate Medlab would want to 'cap' themselves at a Market cap of 80mill$.

BOT=$130mill
MXC=$180mill
CAN=$200mill
CPH=$218mill

MDC having most advanced medical cannabis clinical trials and backing (HOA's) by several billion dollar pharmaceutical companies positioned in Aus, Canada, Thailand and US... $80million capping is questionable and suspiciously low.

Last edited by silvahman: 18/02/21

MDC Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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