PHX 8.11% 4.0¢ pharmx technologies limited

Ann: Appendix 4E and Annual Report-COO.AX, page-2

  1. 90 Posts.
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    Looks like no dividend for the foreseeable future and sounds like the cash hoard will be used to attempt to pull revenues out of its tail spin. The clutches have grown stronger with the pile now being labeled as a "strategic asset". I don't see it as strategic if there is no clear plan on what it will actually be used for. Maybe they are hoping that it will start growing arms and legs so that it can tell them what to do with it. How much more revenue can they truly squeeze out of their existing core business model?
 
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