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16/06/20
17:26
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Originally posted by Galilee13:
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So the bottom didn't fall out of the share price this afternoon which is a good start. who knows what tomorrow will bring. Secondly, good luck trying to raise funds on the Asx after hitting it up only a few months ago at a price 50% higher. This thing will need some huge news to entice more punters in. Thirdly, why the need for $7m to increase the prizma manufacturing capacity? What happen to the patch and the need for 2 facilities to ramp up production? what happened to all the money raised during the quarter? 4c should tell us. By the looks of things people are not happy with the performance shares. Vote against them. Lastly, for the first trench to the performance shares to vest we need a market cap of $100m USD. Assuming a fully diluted 1b shares on issue, we are looking at 15c. If we get to 15c I bet many shareholders will want to reduce there risk and sell some stock.
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The $7m was designated for medical device production. No specifics on which device so I would assume it's a umbrella phrase used to cover all bases as I would expect all devices to be scaled up significantly. Hopefully we aren't diluted that heavily and less shares are on offer so 100m USD is worth more than 15c to us.