Yes - Market sentiment is shot, barely anybody wants to buy any stock right now. But guess who is busy acquiring companies this year… Warren Buffett.
Yes - The current skipper of this MEM vessel is a dud when it comes to sales, marketing or investor relations, which is somewhat surprising when considering her accolades and sales experience listed on the website under board of directors.
But the major shareholders have too much skin the game to let it run out of funds.
Sales Manager announcement could be a small positive trigger, including any associated sales updates within 3-4 months from starting, but fundamentally any re-rate seems to come down to positive data from trial (end of year) and KOLs to be able to take a proper leap forward.
Product works. How well it works seems to be the make or break point. Trial this year or KOLs will tell.
Personally, I’m remaining patient, as testing as it can be. Hope you’re all staying sane in this market environment.
Can’t imagine MEM being at 3c in 12 months time.
DYOR
MEM Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
