EOF 0.00% 3.6¢ ecofibre limited

Bump-Whats coming ?

  1. 604 Posts.
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    Hey all, I just wanted to create a thread to discuss EOF's future.

    EOF has high potential in the coming year as the legalization of OTC medicines is around the corner; they have put a lot of resources into clinical trials. I believe they are one of the frontrunners, bringing good revenue once approved.
    The price is at all-time lows, and the companies profits have turned negative. Th
    e company operating costs are 26mill per year, and cash reserves are almost empy.

    I believe a Capital raising is around the corner to provide the capital to fund further research, marketing and phase 3 clinical trials.

    https://hotcopper.com.au/data/attachments/3883/3883709-f78f4e0dde40b51436095b96a0687ba3.jpghttps://hotcopper.com.au/data/attachments/3883/3883714-14b0b9da4c3e41299ce979e123adbc52.jpg

    This is just my opinion keen to hear others,GL everyone
 
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