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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Ann: Nth Carolina hospital commence wheezo RPM patient onboarding, page-36
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Last
3.7¢ |
Change
0.003(8.82%) |
Mkt cap ! $39.21M |
Open | High | Low | Value | Volume |
3.4¢ | 3.7¢ | 3.3¢ | $33.23K | 961.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 66232 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.032 |
1 | 79000 | 0.029 |
2 | 400000 | 0.028 |
3 | 471175 | 0.025 |
3 | 950000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 66232 | 1 |
0.039 | 882602 | 1 |
0.040 | 6060 | 1 |
0.041 | 29000 | 1 |
0.045 | 497058 | 2 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
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Change
0.003 ( 11.8 %) |
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Open | High | Low | Volume | ||
3.4¢ | 3.7¢ | 2.9¢ | 75951 | ||
Last updated 15.59pm 17/05/2024 ? |
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RSH (ASX) Chart |