Yes, it is difficult to penetrate US markets without burning a lot of cash. This gives our management a couple of thumps up for partnering with a leading global leader with strong network and presence in the US and globally for Striate+. They managed to cash-in $21 Million (with zero dilution to shareholders) and didn't burn a single dollar in marketing and sales activities. Smart move to be honest. Yes, they won't be able to generate the same margin from selling the product themselves but its all about hedging your bets.
Steady and slow wins the race. I am sure the market will wake up someday to this great company. Good luck to shareholders
Yes, it is difficult to penetrate US markets without burning a...
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Last
37.5¢ |
Change
-0.015(3.85%) |
Mkt cap ! $78.49M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 37.5¢ | $54.65K | 144.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 44995 | 2 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
-0.015 ( 2.60 %) |
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| Open | High | Low | Volume | ||
| 38.0¢ | 38.0¢ | 37.5¢ | 37000 | ||
| Last updated 15.09pm 07/05/2024 ? | |||||
| OCC (ASX) Chart |