RCE recce pharmaceuticals ltd

Ann: Appendix 4E and Unaudited Preliminary Report, page-12

  1. 867 Posts.
    lightbulb Created with Sketch. 426
    That is obscene -- $750k?!

    The market cap of $120m is really strange. It should rightly be down in the the ~$20m range.

    Basically a couple of pre-clinical assets, with a bit of safety work done with no independent evidence of efficacy apart from "Recce says it works", and a history of moving goalposts and burying results.

    I think it's only partly explained by the large family holdings and very good marketing to retail investors.

    A real head scratcher...



 
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