Australia's largest stock trading and investment forum Australia's #1 stock forum

EPN

0.00%

2.4¢ epsilon healthcare limited

2021 looking to be a big year, page-6

First 6 Last

Share
Profile

Follow
Lambrae

3,625 Posts.

139

22/12/20

16:46

Post #: 49760802
Share

Originally posted by PH441324: ↑

"We have got enough monty in the bank" - Cash in bank at Sep 30 was $7.264m and we're burninf through $2.5m per quarter for operating costs alone. Assuming cash at Dec 31 will be ($7.264-$2.5+$2.75) $7.51m. This is just enough to cover three quarters operating costs. So NO we don't have enough cash in the bank for a "cracker of a year", and I haven't even factored in any capital expenditure on Southport.

"New CEO joining in January" - Per the last strategic announcment from the board, the search is progressing well with a further announcement in January. Take off your rose tinted glasses when reading announcments.

"Southport contracts in early 2021" - There has been absolutely no confirmation for the management of the company that any contracts have or will be signed. The company is " applying to the TGA for approval for additional finished dosage forms to be produced at the Southport Facility" and the CEO and COO have a "desire to expand and diversify the Company’s manufacturing capability for its extracted products to broaden its market
positioning". They're a long way off announcing contracts.

More BS from this guy. What happended to the $6m investor you told us about last week little buddy?

Expand

Why do you recommend that others sell , and yet you hold ? Why hold a stock that you have no expectation for ?

THC Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply