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13:01
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Originally posted by Ufan
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The biggest concern for this company is cash. They are burning cash at a rapid pace and their coffer more time than anytime now, seem low. The company talk about fiscal responsibility and the way they govern themselves to the higher caliber is disconnected from shareholder prospective. They need to balance out shareholder interest with the company interest. After selling several equity and raise cash, don't they realize how much cash they need? When there was many interest in Unilife, they should have raise cash that will give them 2-3 years worth. You always raise cash for more than you need. Now Unilife seem desperate for cash and many see this as weakness. This is not how you run a company and this part of fiscal responsibility, which they fail time and time again.
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I have just decide to follow this stock and will consider investing as the future wearable product looks exciting the market is huge . I would like to think that these new investors , whilst they won't have control should put enough pressure on the company to control their costs better and increase revenue .
