Precisely , the ipo was purely for expansion to the countries mentioned by you and in the prospectus. If it was for R + D, it would have been different.
from memory, the revenue has gone up.from 200k, to 500k to 1 mil in the last 3 years. The products are here with some more in the pipeline.
similar to NXS , i can foresee a bright future in the medium term.
IPO - Osteopore Limited, page-200
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