OVN 0.00% 2.0¢ oventus medical limited

If restructured has to be worth something even shell companies...

  1. 33,426 Posts.
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    If restructured has to be worth something even shell companies are worth at least $750K.
    The big increase in leads is a good sign , but their operating costs are still huge and months ago they stated those same operating costs were going to be reduced , what happened to that ?
    Those costs do not bode well when they only have around three months of cash left at current burn
    Also the slow pace in getting the x -vent valve FDA approved is not a good sign , given the high efficacy of the valve , and given it is approved already in Canada why are not sales going through the roof in Canada as the valve would seem far better for users than a full face mask and breathing device that other manufacturers use ?
    I love the Oventus device idea , but why it has not taken the market by storm beats me , I feel sorry for the company directors as they seem nice people.
 
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