It's difficult to value a company that isn't profitable and has lost market confidence through shareholder dilutions.
Their products seem to be world class and industry leading quality. Their pipeline strategy is excellent up to the last bit. That's the bottleneck. They are clearly amateurs at selling and marketing. They need to build brand recognition, establish a high value image and reputation, and make sales. And do this before their patents expire.
Anyway, I hope this company can turn around and get some revenue that isn't from stealing and reselling % ownership from us. There should be some explanation as to why their contracts haven't paid up on time. And if there are contract breaches, what are these, and what they are doing to manage these?
MX1 Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
