Ann: Universal Biosensors banks $25.2 million, page-3

Yer, 77c ... now 43.5c .... only has to double to break even - I think you probably feel dudded as well.
So, now with $35m in the bank, the market only thinks this world beater is worth a mere $57m, somewhat short of analyst SP target.
This SP rot is on small volume so even one value hunting punter could turn the SP around - so why is a nadir not forming ?
It would be nice for the MD or chairperson to make even a passing remark about the SP dropping like a stone to almost 1/2 the CR ??
Seems shareholder relations is too low tech ??

Universal Biosensors Inc. (UBI) BUY (Petra 22/4/22)
UBI’s equity raise provides requisite funding certainty to advance the development of its next generation of biosensors. While UBI remains confident that Sentia is tracking to plan despite a flat 1Q22, its aspirations in other much larger end markets are becoming more tangible. With this broader upside not factored into our estimates, we reiterate our Buy and new $0.96ps TP.