Howdy.
I like what I see, but I haven’t taken a position …. yet.
I have a couple of lingering concerns :
i) lack of liquidity.
ii) playing “chicken” with cash, needing constant top ups to working capital waiting for either funding from US Gov or a few quarters of positive cash flow to bolster the balance sheet.
iii) a lingering concern that the ASX is the wrong exchange, and at some point they will move to a US listing and de-list from the ASX.
Everything else, management, product, improving margin, market potential etc looks good.
So they remain in my “top 5 prospects”. I’m not sure what trigger will move me to “buy”.
All IMO
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