Also Mirri11, Polynovo got listed in 2015 and in 2016 their top line revenue was $1.16mn. They since raised funds as follows:
Initial Public Offering (IPO) in May 2015 Placement of new shares in October 2015 Entitlement offer in April 2016 Placement of new shares in June 2016 Institutional placement in October 2017 Rights issue in November 2017 Institutional placement in June 2018
and they did not have a once in a lifetime pandemic to hinder growth. So I think while SP is looking bad, we need to be a bit more patient.
The outlook is not the worst I have seen.
OSX Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
