Ann: Response to ASX Price Query, page-8

  1. 19,082 Posts.
    lightbulb Created with Sketch. 1431
    Magnificent reply to the speeding ticket

    Beautifully outlines the company, how their lead product's Chinese Approval was fast-tracked because of the management of SARS which is a coronavirus

    Outlines that USCOM 1A is currently widely adopted for the management and monitoring of infectious diseases in ICU's in China & other parts of the world and had it's approval extended a further 5 years

    In the 4C published 2 weeks ago, they are forecasting to be cash flow positive this quarter

    They also say that in the week post approval (early Jan) they received $400k in orders for their device (note quarterly burn is only 1m / qtr) so thats highly material

    I dare say we are going to get a fresh update on their quarterly numbers in the coming days after they have been able to put it all together & not be rushed (as in on the back of a speedo)

    There are 7 products in their approval pipeline for Chinese & US FDA approvals which they believe all will be obtained in the year to October (last October they said all 7 were expected in the following 12 months)

    This stock is every fund managers dream for the following reasons:
    - Regulatory approved medical device
    - Already past the start up phase & commercialised
    - Current Qtr goes in to Cash Flow Positive Mode
    - Large target market for the devices globally
    - Coronavirus outbreak meaning their device will be in high demand for the foreseeable future as ICUs in China are overwhelmed with patient demand
    - Tight share holding registry with 2 directors owning 40% of the company

    Holding on to this baby tight!!
 
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Last
1.6¢
Change
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Mkt cap ! $4.007M
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1 300000 1.3¢
 

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1.6¢ 8312 1
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