Agreed Munch (post appears below), UNI have a good idea with the retractable needle, a safety device that will help health care workers, and anyone else coming in to contact wth these things and the risks they carry. But I think that OMI have got a similar type of product (different mechanisms mind you) but essentially a safety syringe that eliminates needle stick injuries. Does anyone know if either of these companies have the products in the market and what sorts of revenues they are generating?
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That's the trouble with these companies. They have no track record and the management make out that the company is risk free, they're going to sell billions of needles and the stock is dirt cheap.
It's all crap. There are so many things that can go wrong with UNI it's not funny. Do your research into GDP and Q-vis, good ideas but no $$ for shareholders.
Does anyone remember Q-Vis? Another Perth special. They were supposed to have some new flash lazer for eye surgery.... till they suspended trading and the stpck fell from $4 to 1c...lol.
UNI did a placement so I think they can fool the market for another 12-18 months till they actually try to sell their needles.... then the $hit is going to hit the fan.
Good luck UNI investors.
P.S. I don't own Unitract shares.
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$5.75 |
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1 | 1511 | 5.680 |
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1 | 91 | 5.600 |
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Price($) | Vol. | No. |
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5.850 | 3000 | 1 |
5.950 | 7000 | 3 |
6.000 | 1043 | 3 |
6.010 | 750 | 1 |
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