While I agree with both of your sentiments, I don't think Panic for some is the right option. The speed in which they raised the funds shows that there are plenty of holders will to get in and fund the company. What I look at is the Felix, the IP and what a buy out of the Felix, whether overall or a buyout for exclusive rights to sell in certain markets. E.G. Brazil, China the rest of Asia and the middle East.
I agree that we are still some way off meaningful revenue, and the 4c was exactly as I thought it would be. Now with regard to the MC Zymot was bought out by Coopers. They were already in the revenue stage and selling so a leg up on us. However we are now commercial with is also important. Zymot was a one trick pony, being part of DxNow they have gone through the same process. I have not been able to find how much Coopers paid for the buy out. However according to AI they estimate on the smaller side of their dealing;
"Smaller acquisitions, like Mara Water Vapor Ablation System (2021), are estimated at $30–$50 million due to undisclosed terms.ZyMōt, as a specialized technology provider with a niche product, likely falls on the lower end of this spectrum, potentially in the $50–$100 million range, but this is an educated estimate based on the scale of ZyMōt’s operations and typical costs for similar medical device companies."
Yes this is just estimates but this is done on the other take overt that coopers have done. So even if we value the Felix at 1/2 of the low end of Zymot due to not making revenue, then we still are looking at $20-25 Million. Our current MC is under $10 Million. While we can't put a price on RoXsta or the other possible media we are progressing, the Felix for animals is a double down on what Zymot offered Coopers.
I wouldn't be giving up on MEM just yet, we need cash, we need faster progress and we are very likely going to get a reverse split to reduce SOI at some stage. As I mentioned, David was left with a mess from Alison, he's ding his best with one hand tied behind his back and left to the brokers to decide our fate, as we are not in the drivers seat.
I suppose I'm saying to people, be careful selling too low, unless you think you can buy back at .002 later?
MEM Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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