I sold out because I think they need more capital. Net current assets have dropped from 12million to just over 8million. The raised 8million not long ago, which is when I bought . The big issue is how much money do they spend on marketing to boost the sales....at what point does a $1 spent on sales marketing equal $2 of sales.
Study Glaukos financials to see how tricky this game can be.
I am a believer in the product , will buy back in at some stage
Ann: Investor Presentation 30 June 2023 Results, page-19
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24.0¢ |
Change
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Mkt cap ! $54.91M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.8¢ | 24.0¢ | $61.84K | 254.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 353553 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 254871 | 2 |
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| EYE (ASX) Chart |