PNV 2.26% $2.59 polynovo limited

Ann: Response to ASX Query, page-57

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  1. 7,859 Posts.
    lightbulb Created with Sketch. 1350
    They've frequently denied any potential need for cap raises, at least for current projects.

    If that denial was absolutely contingent on every month doubling, and there was a risk of needing it if sales were lumpy, I would be pretty upset at management.

    They've always been open about lumpiness.

    I would also be upset if they hired 12 new managers and had current job postings up online if that meant they wouldn't be able to pay any of them without further cap raises.

    Read between the lines. Unless management is absolutely incompetent I wouldn't be too worried about immediate cap raises for the current products.

    We will see how sales continue. Don't forget, they weren't profitable last year, but they also built a new facility.

    But yes. Do some reading. Check out profit margins of the products DYOR.

    After all I could be totally wrong
    Last edited by DocMcstuffins: 18/01/21
 
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