I have been gagged. The contacts I had have clammed up and I will not have any more news. However after the latest announcement of a $1m cash raising that now leaves MSC with $1.2m cash and a cash burn rate of $500K/mth. So they should last at least till the end of March. There is a growing awareness in the market of Kaocem and I should think sales should start to happen. Those blocks we saw at the AGM should be in huge demand. The only caveat is this damn worldwide recession. How long is it going to last? The feeling now is that it will last at least till the end of the year, but with interest rates worldwide approaching zero how long can the animal spirits be held back. It is all a gamble at the moment.
I still hold all my shares and will hang on for dear life.
no more news
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