Ann: Quarterly Activities Report and Appendix 4C-UPD.AX, page-2

  1. 8,041 Posts.
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    I really struggle to see how this company is so far worth 275Mil... they have 13mil in the bank and going through 1.3mil a quarter... Even if they get a 15% market share of all moves, they are still not going to get anywhere near into positive territory.. they will need a lot of add ons to make this work.

    Also note that a lot of small companies try to make positive announcement just days before releasing teh financials... This is is one of them... I had my eye on this share when it dipped below IPO price for a few days, but missed the opportunity.. but now really struggle with the current MC.

    Anyway.. lets see what the market says.
 
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