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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UCM
uscom limited
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Magnificent reply to the speeding ticket Beautifully outlines...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.007M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 8312 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.013 |
1 | 132270 | 0.012 |
1 | 46000 | 0.011 |
3 | 1100000 | 0.010 |
1 | 150000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 8312 | 1 |
0.019 | 46000 | 1 |
0.021 | 24866 | 1 |
0.055 | 95083 | 2 |
0.100 | 57758 | 1 |
Last trade - 09.59am 02/07/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ron Miller, Non-Executive Director
Ron Miller
Non-Executive Director
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