PHX 8.11% 4.0¢ pharmx technologies limited

Given this snippet from Bill Patterson's November 2015...

  1. 90 Posts.
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    Given this snippet from Bill Patterson's November 2015 Chairman's address:


    Chairman's Letter Snippet 2015.PNG

    I would be very surprised if they are giving M&A an ounce of thought. Valuations are so much higher now than they were back in 2015... They also had $12 million in cash back then, now they only have half that. They also had two CEOs searching back then for a full year, what chance would they have now?

    My bet would be on some organic growth initiative, but who knows. I would have never predicted we'd still be in this same spiral 4 years later.
 
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