Been watching AHZ for almost 2 years now .... same old.... same old ....
Now, I understand clearly why these little companies list on the ASX. It is a cash cow for them. They hire lots of people, big boards, CEO, secretary, CFO, COO, and so on.... Don't make much money and run a CR everytime the till gets empty.
No information to shareholders and normally the CR is for institutions only at a lower than market price.
Now, I read that the so anticipated vaccine might only generate 20 mil for AHZ when/if it is successful in 5 years time.
Guys, who are you trying to fool? Look at PBT, PXS, POH, PAB and many others ... after a while people get sick of their stories and stop funding these adventures, hence they sink.
BTW: Even when CC is in many centres and selling well believe me AHZ will sell it for a pittance to a bigger fish ...
AHZ will never be a profitable and/or a big bio company. In the mean time keep funding these big management structure ....
Watch the cash burn in a few weeks time and a new CR by the end of May.
GLTYA, but I am out of AHZ forever.
Cardiocel Revenue and Company Growth, page-212
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