To be fair I think he said in October that product sales were ramping up for flu - did he not? So medical centres have to start nibbling at the stock the distributors have, and then they re-order. And they are probably buying 20 or whatever to test them out if they are interested, or to give some to a particular doc who wants to check them out for a reco.
I'm not surprised. They don't have reimbursements in place for a start I believe. These new things drag out longer than people expect. There is a lot of work for customers to do to implement new things. Often takes a shove from somewhere. We are still waiting for medical organisations to actually recommend it, assuming they are going to do so.
I worked for a company that had - at the time - equipment you could install into dairies that could provide metrics on milk in real time, saving milk companies a fortune as they could blend to meet milk fat requirements, and avoid many manual lab tests. Took about 6 years to gain momentum. Now I am confident (30 years later) that there is no dairy operating anywhere with government regulation without this equipment.
The market will zing this stock when there is an announcement of a recommendation from a key medical standards group, and/or mention of reimbursement from HMOs and Medicare IMO. We don't need CLIA Waivure for that. Then sales will be expected to follow in greater numbers.
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To be fair I think he said in October that product sales were...
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Last
2.9¢ |
Change
0.002(7.41%) |
Mkt cap ! $21.70M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $44.36K | 1.538M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 104764 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 324100 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 104764 | 0.029 |
5 | 468600 | 0.028 |
3 | 218288 | 0.027 |
3 | 581461 | 0.026 |
7 | 641153 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 324100 | 5 |
0.031 | 252105 | 5 |
0.032 | 51725 | 1 |
0.035 | 88000 | 1 |
0.037 | 493186 | 2 |
Last trade - 14.13pm 18/06/2025 (20 minute delay) ? |
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