I reckon they have been caught out here. They should have had a cr ready to go just in case they didn't get ce mark approval. Now at years end capital markets are all but closed and there's no way of raising money. So while they are unable to act on a cr the share price falls making future capital railings harder.
A cr at 35-38c would have been a pain but better than sub 30c.
I think in the last quarterly they mentioned they were monitoring their cash position. Now what are they going to do?
TIS Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
