A friend put me onto AHZ back in June.
Since then I have followed it closely.
An emerging BIO with multiple horses in the stable and a growing revenue generating product is rare. However one of the first issues I raised with him was the ongoing concern of funding. As a number of you have continually highlighted on here - the cash burn rate was always a concern.
When AHZ announced a share consolidation and amongst other reasons justified it by being more attractive to sophisticated investors/instos, it was pretty much a given that a CR was in the wind.
Now I happen to have a little (a lot) of experience in CR overseas. In Nth America and Europe they hate penny dread-fulls. If you go cap in hand to these jurisdictions, they won't look at you unless your share price is well clear of the 50cent mark. They would much prefer you are above the $10 mark.
It is for this reason that I suspect AHZ may be about to do something significant with a real LONG TERM stake holder.
If it is significant enough to cover the cash burn through to positive cash flow, then I believe AHZ may finally be in a position to receive appropriate revaluations based on positive news flow.
I know long term investors hate capital raisings.
But for me AHZ was always one significant capital raising away from having enough to attract decent investors.
If they have landed a whale - then I will finally be looking for an entry.
Good luck
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$15.68 |
Change
0.680(4.53%) |
Mkt cap ! $331.4M |
Open | High | Low | Value | Volume |
$14.90 | $15.75 | $14.85 | $431.9K | 28.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | $15.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.95 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 15.210 |
1 | 500 | 15.200 |
1 | 100 | 15.020 |
2 | 1332 | 15.000 |
1 | 500 | 14.770 |
Price($) | Vol. | No. |
---|---|---|
15.950 | 300 | 1 |
16.000 | 250 | 1 |
16.030 | 999 | 1 |
16.500 | 971 | 1 |
17.500 | 511 | 2 |
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