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yes application is 3 months away and then 3-4 months for review...

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ArielStarr89

5,226 Posts.

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15/01/24

15:05

Post #: 71885676
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Originally posted by longreach: ↑

i refer to quotes from the CEO, the first one in the Stock-head article, the other in AGM:

“So now, as long as we jump through the right hoops, and we do the right studies, the expectation is we should get through the FDA 510k application, which should be around late March.
”Regan says the company has enough cash right now to get through and beyond an FDA approval."

AND

"FY2023 saw an average monthly net cash burn of $1.26 million and a closing cash position at 30 June of $20.1
million."

As others have remarked IMO the reimbursement of staff seems very high for the stage of the development of the company.

Any slippage with the FDA could impact cash balance, and whilst trading volume more recently has improved, IMO its lack of liquidity could impact the possibility of a looming CR.

If everything went right, and FDA approval is achieved soon then AYA could be a big winner. If time slips before approval then the cash burn will be relevant. I doubt the board wouldn't have thoughts of another top up in the coming months.

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yes application is 3 months away and then 3-4 months for review decision

AYA Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 27.5¢		Change 0.000(0.00%)		Mkt cap ! $21.64M

Open	High	Low	Value	Volume
28.0¢	28.0¢	27.5¢	$3.669K	13.22K

Buyers (Bids)

No.	Vol.	Price($)
1	11796	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
32.0¢	24464	1

View Market Depth

No.	Vol.	Price($)
1	11796	0.275
1	75000	0.265
1	38400	0.260
2	30500	0.250
1	6250	0.240

Price($)	Vol.	No.
0.320	24464	1
0.330	26046	1
0.340	6626	1
0.360	3063	1
0.365	2000	1

Last trade - 14.57pm 04/09/2024 (20 minute delay)

AYA (ASX) Chart