KOL koligo therapeutics limited

good input! Do you happen to know where the 2 hospitals are? US...

Currently unlisted. Proposed listing date: WITHDRAWN

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SMyshkin

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03/03/19

17:09

Post #: 37636191
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Originally posted by user66six: ↑

Just read the IPO. my thoughts are scattered so I'll present my ideas on a pro/con basis. I'm a qualified molecular biologist but have little/no expertise in this field.

Cons-
CEO will be getting a ludicrous wage with relatively little skin in the game. A few performance shares in there for good measure but ~$400k pa plus bonuses is eye watering.

Cash burn is massive and this will need a CR quickly but that could be a pro which I'll discuss later

3D printing is miles off but the concept is there and I accept it as plausible and beneficial over existing technology. Only proven in mouse model as far as I can see.

Several things in the pipeline which could be seen as a bigger risk- I would prefer them to master profitability with one thing before pouring cash into another

Pros- BOD linked to other ASX hype stocks- UUV, DRO, NEA and KTD to name a few. Like most hype stocks they list just before a big piece of news which sends the SP flying in time for a CR.

Which leads me onto the fact that they expect a better version of the treatment to be ready this half. It will increase shelf life which will provide a wider area/more consumers to reach.

Currently only serving two hospitals. Increase that by one and you have 50% growth so potential for a bit of scale here with the new and improved treatment.

The treatment is at least as good or a better treatment to existing ones (IMO) once they can prove that with more studies then the potential for Medicare rebates, insurance etc opens up the potential to become a leader for the pancreatitis market.

Overall I like the concept of what they're currently doing and the idea of where they are trying to get to, but from a business perspective it's just another cash burning biotech hopeful. I wouldn't "invest" in this company per se however I can see the slightest whiff of hype with the 3D printing factor and it will send this thing flying. Overall a good speculative risk
to take for a ~6 month timeframe. I'm in for a penny. IMO only.

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good input! Do you happen to know where the 2 hospitals are? US or?

I am reading through the prospectus now.

KOL Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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