RNO
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0.00% 4.0¢ rhinomed limited

Broker Valuations, page-8

  1. aventurine
    929 Posts.
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    21/11/14
    09:28
    Post #: 14327768



    6."We assume that the company raises a further $2m at $0.016 before Rhinomed becomes
    break-even from sales of Turbine and BreatheAssist in snoring/apnea."


    To add to that - BH made the exact same comment on p12 of their report of May 23 this year. See here ...

    http://www.rhinomed.com.au/media/wysiwyg/230514_Baillieu_Holst_Research.pdf

    As we know several months after that the company raised $3.5m @ 3.5c with BH being the lead broker.
    RNO Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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