New Research Report - MST Access, page-4

The Arrowhead report was released in June this year with the following disclosure -
Important disclosures
Arrowhead Business and Investment Decisions, LLC will
receive further fees in 2019 and will receive further fees
in 2020 from Anteris Technologies Limited for
researching and drafting this report and for a series of
other services to Anteris Technologies Limited including
distribution of this report and networking services.
Neither Arrowhead BID nor any of its principals or
employees own any long or short positions in Anteris
Technologies Limited. Arrowhead BID's principals intend
to seek a mandate for investment banking services from
Anteris Technologies Limited and intend to receive
compensation for investment banking activities from
Anteris Technologies Limited in 2020 or 2021.

The MST Access report contains the following disclaimer which is a bit difficult to read-

I also don't have a lot of confidence in the analyst's valuations nor price projections.