MAP microba life sciences limited
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What "strong growth" ?The testing services business is yet to...

  1. Lefevre
    10,123 Posts.
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    29/06/24
    14:32
    Post #: 74531540
    What "strong growth" ?

    The testing services business is yet to perform. Growth is sluggish and not what was projected when it IPO'd.

    The directors then decide to acquire revenue by buying a business in the UK that doesn't make a profit and to do that they do a heavily dilutive cap raising at 23 cents which was a 30% discount to the then prevailing share price.

    Shareholders have been done over. The next quarterly is likely to show a continuation of big cash burn.
    MAP Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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