Being a one product company you would expect that they would have a complete and detailed knowledge of the collagen market. However, they are evasive in regards to questions as to the demand for collagen and what the current supply (over supply) is. They also appear to be at a loss as to why they haven't acheive any significants sales dispite all the signed distribution agreements and 'enthusiastic' responses at the various trade fairs etc.
I expect the quarterly will be issued at the latest time allowed under the reporting rules and will continue to show high cash burn rate, $600-700K for next to no revenue.
Being a one product company you would expect that they would...
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Last
9.7¢ |
Change
0.001(1.04%) |
Mkt cap ! $55.85M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.7¢ | $23.72K | 240.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 162123 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| VIT (ASX) Chart |