@UberTrader we put this BS Cap Raise narrative to bed mate......it is absolute rubbish.
If there’s no need for a capital raise as you are profitable, there’s no pressure on the company to proceed—this gives them flexibility and ensures they’re not forced into a compromised position. If DW's thoughts on shorters are taken into account he will not feed them. See the quote below and work on the assumption that profit this FY will be in the 15-20mil area. Growing profits, growing revenue whilst funding R/D............
"Financially, PolyNovo’s FY24 report shows revenue leaping 46 per cent and net profit swinging from a $4.9 million loss to a $5.3 million profit. Importantly, that growth is not a one‑market wonder: the U.S. remains the engine, but Europe, the UK/Ireland cluster, and Asia‑Pacific distributors are all double‑digit contributors."
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