Hi Guys
In relation to the need to raise capital Mark has responded
“No capital raising planned, we have debt facility if needed to fund operations. If we were to undertake an another acquisition in the future we may raise additional capital”.
In relation to the Margins on Original Equipment Manufacture
First my Q
"Also I was hoping you could confirm that the margin on OEM is still in excess of 50 % It is."
And Marks Response
"Actually in excess of 60%"
And finally in relation to an update on Medivet. Mark agrees that one is required but is awaiting events that are overdue
In reading anything into what Mark has said pleas do it in conjunction with your own research and remember it is any CEO's job to talk up his own companies prospects, and to just what level Mark does this in comparison to other CEO's i will leave you alll to draw your own conclusions.
Yours sincerely
Viney
PS There is little point putting a buy on any ASX small/ micro cap at the moment so my sentiment reains none
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