re: Ann: iSonea Achieves TGA Approval for Lis... malmanu;
Thank you again for your most reliable negative spin on things. Every stock needs to have their pessimists just a shame that ISN is not a stock that you can SHORT just yet.
In relation to shortage of capital, I will just make the TWO following points:
1. We are talking about a product that costs USD 30 - 40 which means at least a 60% profit margin. Please explain how sales & marketing costs will cost in excess of $10 million.
2. If you didn't realize from the most recent capital raising the company's main backer is Bruce Mathieson who is a most savvy billionaire entrepreneur. IFF there is a need for any further funds it will not be too difficult.
I believe that we have seen the last capital raising, but it would not surprise that the company in Feb/March 2014 raises a spare 10 to 15 million dollars at the $2.00 level.
Always good to have spare money lying around.
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