Immediately prior to the FY20 presentation there was a token buy to go into that forum with the share price at 50c.
A little over 2 weeks and the market cap has shed almost 20%.
A great team has been built in 2020 but unfortunately Management have oversold / under delivered their international expansion messaging.
Trust has been broken and the market is now questioning the partnerships. Statements and milestones have been published.
Are they still in play?
Is the revenue material?
- PDX Inc came and went.
- Adheris was then targeted.
When will Management reveal how much, has been / will be, received through these deals?
- Adheris was quoted as $825k, but no dollars mentioned for UK or Asia.
- If Adheris is a 9 month pilot, they would have 6 months remaining.
These are the questions I’m asking myself.
- Surely delivering a solution and not receiving payment is a risk.
I hope there’s some good news out of Q1FY21, else 40c will be breached.
MDR Charting, page-438
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Last
44.5¢ |
Change
-0.005(1.11%) |
Mkt cap ! $245.3M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.5¢ | 44.0¢ | $224.5K | 494.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4489 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 4946 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| MDR (ASX) Chart |