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11:42
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Originally posted by stardestr0yer
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being a holder since I IPO I do have a decent understanding of their business and why the SP is what it is. If you were following SP action a few months ago... a particular seller wanted out at any price... there were constant reloads at 7c and due to lack of buying interest it just kept foing lower. Onc ethat seller was out, SP just kept on appreciating. barely a stepe backwards. They have sufficient credoit facilities and do not consider cash burn of previos few years to be a indicator of what cash will be burnt moving forward. Remember the cash raised form IPO was to fund R&D of innovendi and that is primarily done.
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Agree, I havent been following since IPO, so Im not familiar with the ins and outs
