On Track to Profitability, Price Target Increased (MST), page-31

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Tekvest

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03/09/24

08:25

Post #: 75498627
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Originally posted by TheAnalyst007: ↑

Whose “everyone”, because the analysts certainly view them as “fully funded” and you’re the only one who seems to be posting about a CR in the near term (unless you’re referring to the 3 on ignore, if so I’d look at their posting history and realise they’re not the brightest bulbs in the ceiling)

I personally don’t think management are “sweating” at all with $6.5m cash in the bank. Unlike us they’d be seeing more recent sales data as well, and would have projections of future cash flow, and as long as they still believe cash flow positive is right around the corner then that would be the reason they haven’t gone for a raise yet. They know they’ll be printing cash before they end up needing more of it. I guess we will simply have to agree to disagree on that bit, but if they were “sweating” you’d think they’d try to pump the price with BS announcements. They didn’t even announce the proposed reimbursement increase when it was first announced (which certainly wasn’t even a BS announcement either), they waited to stick it with everything else in the annual report. That doesn’t exactly scream desperate to get the share price up in the short term to me, does it to you?

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$6.5 mil in the bank? You're making that up, there was $6.1 mil at 30 June, with a savage cash burn Depleting IMO. As for printing cash, is that like your CUV?

You can always fact check 007, it's worth the effort because he seldom posts anything truthful LMAO

EYE Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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