RNO 0.00% 4.0¢ rhinomed limited

Ann: Appendix 4C - quarterly, page-4

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  1. 575 Posts.
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    I think the progress is slow because the product is low price. They need a massive volume to make significant revenue.

    They are burning cash at $1.0 per qtr and only have $1.5 cash. So I agree with elitelifestyles that a CR is most likely imminent.

    The Medical Cannabis initiative appears subdued.

    I have held the stock, been out, back in and currently out. I like the product and concept but just waiting to see the financial economics of the business stack up.

 
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