There is always light somewhere, as the sun sets here, it rises...

There is always light somewhere, as the sun sets here, it rises elsewhere. Thats where you'll find me.
I'm holding one other Med tech going commercial this year. BDX. Numbers are potentially incredible.
And watching one other, no posts yet until the entry window puts the apple pie on the sill.

Not investment advice.

At 11c is equivalent to .0028c, under .003. Thats what the consolidation has done, without the immediate call for capital at 1c pre consolidation, or 40c post. The selling from 40c to 11c has been a relentless call by sellers, that this ship is losing its buoyancy, and management only when the water is entering the upper decks realize they should have acted sooner.

While the sale of NPs is a positive, it does not keep up with the outflow of funds. They should have addressed a simple equation to strip the staffing, remuneration and corporate costs to a minimum, to natural balance 6 months ago, even prior to the consolidation. They were relying on the Mercer convertible note but even that had a floor price that has been breached by their lack of attention to the ebbing confidence. All the potential, yet not a dime from any strategic interest. Says to me that the strategics are simply waiting to consume the IP after Troy has fallen.

You are now betting on the timing of a potential trading halt, and potential suspension while administration while they seek funding to address insolvency. What now ? could they lower the convertible note base ? .002 in the old coin ? Dilution. And juggle incoming payments while balancing act of potential of insolvent V outflows? Would be life support, but does not address the imbalance, and the confidence of the market required to engage buyers. Would anyone support the CR if there was not a plan in place to rectify ? IMO, only a JV with a MAJOR who would take the cash burn burden off the companies hands, could save this. And you would want to see staffing costs and remuneration significantly curtailed. Unless that is clearly articulated, then you are just feeding the wolves one more time. While industry strategics are waiting like Vultures.

Sometimes the casino wins, and we lose. Our penance for lack of attention to the fuel gauge.

GLTA.