It has been a difficult 8 months for shareholders, but things are starting to take shape.
With the last day for option trading being Monday & end of year tax selling out of the way by the following Monday, I would expect to see the shares challenge the 32 cent level over the next 2-3 weeks.
Based on previous reports we would hope to see news very shortly in relation to pharmacy distribution chains of the new single app model. This will be very significant. It will be the first over the counter sales & hopefully there will be many sales & much needed feedback over the next few months enabling the company to iron out any minor problems.
It is a bit disappointing that in recent months shareholders have been left out in the cold re: the change in management from Mike Thomas to Bruce Mathieson's lieutenants. I believe the main reason for the big change was due to differing opinions between Bruce and Mike. Where Mike wanted to attack the U.S. market ASAP, Bruce is of the opinion that if you want to be successful in the U.S. which means selling "critical mass (volume)" you have to have a proven product clean of any bugs etc.
With product cost reductions in place, with reduction in monthly cash burn rate & with expiry of options and an additional $2 million in the Bank, we are now nearing completion of the building of the foundations & ready to start erecting the building.
Over the next 3-6 months I can see a big move happening in the share price.
It would be nice to hear feedback from some of the oldtimers.
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