AVH 6.48% $2.63 avita medical inc.

Ann: BARDA to Initiate Procurement of the RECELL System, page-58

  1. 85 Posts.
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    When they announced they were going to do a reverse split I feared what has happened, as usually happens with reverse splits> SP goes on a downhill trend. Reverse splits are a red flag that the company isn't doing too well and need the interest of bigger investors who don't buy penny stocks.

    Management should have postponed redomicilliation as mentioned earlier, Corona only made things worse. Now it's up to them to improve the image of the company financially wise and regain investors trust. Cutting down on management spending would be a good way to do so, as it's a major part of the company's negative balance sheet. Still, they have a great product which I believe will be used more and more throughout the world and the company has great opportunities in different fields which could make it a very big player if they use their cards right. RECELL isn't a one trick pony

 
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