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Ann: Appendix 4C and Business Update, page-5

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448 Posts.

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28/01/21

10:41

Post #: 50496692
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Originally posted by blutak: ↑

$2.5million dollar per quarter cash drain is clearly the problem and will require very strong sales growth to reach break-even. That's stating the obvious and will be the greatest hurdle and sentiment overhang in my opinion.

Mentioning the options at 1.4cents is also practically begging the stock to fall (just seems to be the way the ASX trades sometimes which is frustrating!!!) It will be very interesting to see what percentage of the options are ultimately exercised - this is the true test of belief for the option holders.

For these reasons I only purchased a small holding in OSP. Happy to add as the story progresses (hopefully in the right direction).

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Would agree with the cash burn which is very frustrating. The majority of it is on staff costs too. Mike mentioned they did not have any plans for any further staff reductions at this time. I was glad to see GE added 304 units of the overall 1600~ sold. Not bad considering the situation in europe atm.

OSP Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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