It is always easy for new management to face and deal with someone else's problems... It remains to be seen if commercial execution can improve with less crowded markets and if there are mistakes, that these are owned.
A fresh capital is definitely on the cards, though hopefully only if it can be managed at the right price. The quarterly discloses that MX1 is both funded through FY 2024 (contingent on sales, both ongoing and inventory unwind) and they are looking for additional funding. To me that says if any another Varex style deal presents or they hit milestones and can get a CR at a higher price then they will take that safety net. It may also suggest that if they are left out in the cold, they think they can get through another year.
Time will tell.
All IMO, please DYOR and GLTAH
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