Good question as it is also explains why i've bought some shares.
Let me answer by saying - whilst i don't understand the technical details as to how/ why devices such as the microwave/ mobile/ etc works, i use these and find great utlility and value in them.
Similarly, I don't understand (or care to) how Wheezo works, but am encouraged that hospitals, doctors, telehealth and insurance providers find utility in this and are prepared to move it from the research/ trial stage to actually backing the technology. They could be backing them because they provide patient care, or it could be a ruse by insurance companies to lower their cost of operations by giving people devices and treating them outside the ED and in-patient systems - either way, I don't care. But the fact that they are backing a technology and process with $, some of which will come to RSH means that this value will see an increase in SP and hence value to me as an investor.
Therefore a punt to ride this until a better mousetrap comes along is a valid investment strategy. The new datapoints are that the FDA is providing $ via CPT codes. Major healthcare orgs and insurance co's are backing this and RSH has partnered into an eco-system that seems to have legs.
So i am in and now wait to see where this goes.If it goes nowhere as AlCp continues to opine using anecdotal evidence, then i move on. If it provides a return on my investment, then excellent.
Wish you all the best in punts/ investments where you hold shares as well.
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Good question as it is also explains why i've bought some...
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Last
3.0¢ |
Change
0.001(3.45%) |
Mkt cap ! $38.54M |
Open | High | Low | Value | Volume |
3.1¢ | 3.2¢ | 3.0¢ | $62.15K | 2.008M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 372265 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 50596 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 372265 | 0.029 |
1 | 250000 | 0.028 |
2 | 1065800 | 0.027 |
4 | 838888 | 0.025 |
2 | 375000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 50596 | 1 |
0.031 | 364923 | 2 |
0.032 | 40000 | 1 |
0.033 | 458070 | 2 |
0.034 | 425000 | 2 |
Last trade - 15.40pm 06/09/2024 (20 minute delay) ? |
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RSH (ASX) Chart |