OVN 0.00% 2.0¢ oventus medical limited

Ann: Quarterly Business Review & Appendix 4C, page-2

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  1. 17,820 Posts.
    lightbulb Created with Sketch. 1371
    Knew it!

    Another S*it Show!

    QoQ receipts only up 27% (and off a tiny base too)
    QoQ Revenue only up 5%

    YUK

    Burned another 2.4m that quarter, leaving ONLY 2.4m in the bank... so only 1 quarter of cash left

    Oh & that 1 quarter of cash left (i.e. those 3 months) that was as at 31 March, so really only 2 months left

    I love how they proclaim to cut costs in every quarterly, but somehow, never manage to actually do it...

    I guess paying the management team 1m p.a. is satisfactory for this performance... I dunno... you decide?

    CR IMMINENT

    YUK YUK YUK
 
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