Nova Eye Medical (EYE) Chart Thread, page-247

Yes I agree Brett. So many of my other stocks are going vert well ATM & EYE is going nowhere.

Strangely enough though, IMO, EYE has some of the best fundamentals - growth, potential market etc. I think people are worried about expenses, jacked up market effort & therefore costs. Hopefully August audited accounts do not show too much of a cost blowout.

73% gross margin (possibly more like 80% now) on US$15.3Mil = US11.2Mil so have expenses for the year been more than US11.2Mil ? i.e. approx. US$3Mil per quarter.

Also plans to ramp up marketing in ROW so more expenses coming there BUT spend $$ to make $$$$$$ would be the plan

Not enough people/funds etc willing to take a punt on the EYE growth story until the picture become clearer. Just have sit tight & see how it plays out.