Shouldn’t joke but WP comment; ‘Admedus is in the midst of a transformation that will result in a company with a significantly improved balance sheet and working capital profile’ is reminiscent of saying a staving person is destined to be the next Mr Universe!
Really needs to, imo, tone that type of comment down especially considering his ‘past’ predictions.
Cash burn down by 2.5 mill, still a hefty 12.5 mill, cash funds for less than half a quarter available, big sigh here!
MDD down on earnings, not the best result for future sale of.
Same old, same old, hard to find any positives .... heck, heck!
Ann: Appendix 4C - quarterly, page-6
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