You can’t buy nothing on the ASX for 5-7m market cap. Have a look around.
If you look worldwide it’s even worse. Indian companies 99.5% down, yet still 3 Billion market cap. Chinese, US and Canadian markets too. Don’t get me started on crypto.
Essentially OSP is a stock free of charge for an established company that is not delisted.
People say medical stocks charge a premium. People say you have to pay a premium when an industry or the market outlook is positive.
But the biggest premium one has to pay is when a company turns around and one day breaks even. For gods sake correct me if I am not wrong, PNV was nowhere near breakeven or cashflow positive yet when it reached 3 Billion market cap just around 18 months ago LOL.
The difference between Billion and Million alone is 1000x
