i am sure they are still selling Covid test Kits. there are number of changes happened with this company in last 6 months..
Non-executive Director resigned, Major Shareholder reducing (actually they Dr Curt is related with GE), 3 Mil Capital raising and shortfall in SPP given to Instos, no CFO, See AGM Voting results hardly any resolution Passed (2022 was better voting), entering into HIV testing market, going to US and applying for Certification..
Cash in hand must be around 9.5 to 10 Mil as this is Post Cap rise - they might have paid off to CFO and thats it otherwise they should have all this money. not sure how much they have spent so far on US certification... Q1 2024 Revenue was over 1 Mil and hence the Revenue guidance will go over 4.5 to 5 Mil for 2024. Outgoing has reduced after financial services outsourced..
this is Cash Backed Market Cap. need only just US and / Or Africa / AU news and this may cross 3 - 3.5 easily
AT1 Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
