Australia's largest stock trading and investment forum Australia's #1 stock forum

GMV

Click for more information

0.00%

3.9¢ g medical innovations holdings limited

Ann: US Listing Update, page-36

First 36 Last

Share
Profile

Follow
lakota6

8,832 Posts.

1048

26/08/19

11:22

Post #: 40149832
Share

Originally posted by Galilee13 ↑

That's it @Glyco company is getting closer and closer to break even.

Yacov states in the Nasdaq prospects he would underwrite the business until June 2020.

Raising $17.5m USD at these levels, say 10c would almost double the shares on issue. Absolutely not in shareholders best interest. In particular Yacov as he would be diluted well below 50%.

GMV will pull the trigger on the HK IPO only once CDFA has been received. Remember minimum listing is for $260m AUD. GMV will sell 20% of its stake. Being $52m AUD in a non dilutive capital raising. GMV will still own 50% or $130m worth of stock or 32.5c per share.

So IMO, Yacov will continue to fund the business until its cash flow positive, which is likely to be by the end of the year. Secondly, once CDFA is received, GMV China will list in HK and release $52m in cash to grow the business.

Holding 12c is a positive outcome and definitely not the sub 10c death spiral some were predicting. Also, we are at a triple bottom, so from a technical point of view, let's hope it holds.

Expand

All good points and the SP is holding up better that I expected.
The single buyer at 12 c is slowly getting sold into.... and from off screen....

Last edited by lakota6: 26/08/19

GMV Price at posting: 12.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

There are more pages in this discussion • 29 more messages in this thread...

First 36 Last

Add GMV (ASX) to my watchlist

SPONSORED BY