GMV 0.00% 3.9¢ g medical innovations holdings limited

So in June 2021 Melani says the company has had no money for 2...

  1. 1,142 Posts.
    lightbulb Created with Sketch. 675
    So in June 2021 Melani says the company has had no money for 2 years -- meaning no money since June 2019, at least.
    Eight quarters without money. Too poor to even print out some new bogus MOUs.
    Within this period, in Jan 2020, they concluded clinical trials for NMPA in China -- but never got around to filing the paperwork. I refuse to believe they dodged this final hurdle because they couldn't afford to do it. It would have given a huge bump to the SP -- even if that bump didn't show up in company coffers. Is it possible they didn't want the SP to go up significantly unless during a diluting CR?
    If sourcing funds has been the problem for eight quarters, the first liability to jettison is Brendan. As a banker, surely his job is sourcing funds -- and he couldn't even keep Otsana afloat. He is the definition of dead weight.

 
watchlist Created with Sketch. Add GMV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.