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0.5¢ oncosil medical ltd

So if they can manage to break even with sales let’s say then...

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Gekkowolf

2,349 Posts.

232

01/05/24

16:41

Post #: 73613244
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Originally posted by tinyteddy: ↑

I think it will have enough cash (after tomorrow) for: the percutaneous trial (20 patients), to finish the current folfirinox study, to complete FDA application process for cholangio and to retry the TGA.

The GBA application isn't requiring cash and is meant to be cash flow positive if they get it (as opposed to the above which require company funding).

Of course they want commercial agreements and they have implemented quite a few. The more sales the less pressure on the company to raise capital. But they haven't given guidance on expected sales as yet. I'm not saying they don;t need sales, they obviously do. But the other things they are doing are very valuable

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So if they can manage to break even with sales let’s say then they would be in a position of strength when negotiating a buy out.

The problem I guess is that they would need to generate hundreds of sales to break even rather than single digits like they have been.

OSL Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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