re: market cap $9m <> cash in bank above... There are many reasons why the sp is where it is:
Primarily, people got badly burned in this stock because it was run by a bunch of monkeys who, in my opinion, were more interested in their options vesting than in the science itself. The result was that everything they touched, they screwed up. Metabolic has a name which stinks in the industry
Secondly, MBP's Boardroom has had a revolving door since then, with directors coming and going as if it were a railway station. No focus, no continuity..no business and, I would venture, hidden agendas all over the place
The bottom line is that Metabolic is essentially a cash shell with a stake in a technology which is light years from commercialisation...It produces nothing itself
People are not interested in companies just because they have cash...That's what banks are for
In short, really no compelling reason to buy, especially while there are other stocks running at the moment
re: market cap $9m <> cash in bank above... There are many...
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