UBI 3.70% 14.0¢ universal biosensors inc.

Ann: Notice of Meeting of Stockholders on 10 April 2024, page-21

  1. 15,516 Posts.
    lightbulb Created with Sketch. 1280
    mgmt have well and truly screwed this company. Without this low raise this would be trading 40 cents plus IMO.

    Now they have put a massive cap on the share price for the foreseeable future being 20 cents. If they dont hit target audience over US an continue hemmoraghing losses this will be below 10 cents. The confidence in mgmt doing so is shown when they have proceeded with this raise. They need the money and now asking for extra salary.

    I continue to hold for the cheap 15 cent shares but will be looking for an exit just as quick, mgmt team a big no no for me.

    All IMO DYOR

    PS Jelly like me youve been on a couple of stinkers lately IXC and now UBI, hopefully the next bio you pick is a goer
 
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