MVP 0.00% 48.5¢ medical developments international limited

Ann: Appendix 4C & Quarterly Activity Report - 31 March 2024, page-2

  1. 505 Posts.
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    I dont know what these guys will say today .. notwithstanding

    They have no money left, despite the cost cutting, program stagnation, innovation back pedal ... etc
    The foray into a direct selling model in Europe looks like a very expensive dud, they are now talking licensing deals, just like 5 years ago
    The costs associated with the US expansion are to much for the co to handle, so they are forced to stop, and do what, they dont say.
    I have owned this stock a couple of times am presently pleasingly out.... I feel the only real hope for this outstanding product ( I have used it and its fantastic) was the USA, I have been sitting on the side lines for some positive news re the US, I just could not believe that they took so long to realise that they would have to stump up to get to the usa. That cant be a recent realization.... Really.

    Disappointed or what, I really wanted to see new positive US news so that I could buy in again.

    Management has a lot to answer for as they have been taking the big wages.
 
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