MVP 13.6% 46.0¢ medical developments international limited

Ann: Appendix 4C & Quarterly Activity Report - 31 March 2024, page-15

  1. 1,245 Posts.
    lightbulb Created with Sketch. 25
    Yep. Very unfortunate, I sold out recently at a big loss for 46 cents.
    Cash burn with the focus away from the US was the final straw.
    The below from the HY Auditors comments is a big warning for all current investors.

    Material Uncertainty Related to Going Concern
    We draw attention to Note 2.4 in the financial report, which indicates that the Group incurred a net loss of $10.945
    million, net cash outflows from operations of $6.65 million and net cash outflows from investing activities of $1.410
    million during the half-year ended 31 December 2023. As stated in Note 2.4, these events or conditions, along with
    other matters as set forth in Note 2.4, indicate that a material uncertainty exists that may cast significant doubt on
    the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.

 
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