PNV 0.00% $2.06 polynovo limited

David Williams on Talk Ya Book with Chris Judd, page-24

  1. 2,801 Posts.
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    Yeah the 10 mil in reserve is incorrect.
    Half of the sale proceeds from Lorimer St will be used to pay down line of credit debt. From memory Jan said that was part of the deal with the bank as they no longer have equity in the property.
    Having said that we will still have circa 6.5 mil in cash so unless there’s a huge uptick in R&D expenses or something else that pops up out of the blue there should be no need at all for a CR.
    Our cash balance from sales improved by $517k last quarter so we are now on the right side of the ledger. Just a matter of paying new salespeople until they cover themselves.
    Word seems to be getting out that BTM is at least as effective and less than half the price so the number of accounts per sales member should gradually increase - all adding to the bottom line.
    No brainer here at these prices! Flicked a sizeable portion of an underperformer this morning and grabbed some more at $1.045 even though I’m fully expecting a last gasp sell down. As DW said - it’s better to be in now than trying to get in once the squeeze begins
 
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