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20.0¢ osprey medical inc

I certainly do support people having an opinion, in my opinion I...

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ashic1

42 Posts.

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18/02/21

18:36

Post #: 51131646
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Originally posted by Coast_94: ↑

Does anyone know when the options expiring 15th Feb will be converted into shares?
I'm very much looking forward to flipping them and getting my capital far away from this company.

The half yearly report was disappointing to say the least. Cash burn rate unaffected by the 50% salesforce layoffs during covid.
12 years of growing losses.

Considering staff costs account for 9m of their 12m cash burn I'd expect to see that at least drop say 40%.
I imagine Mike McCormick and the other executives' salaries are still growing.

Another cap raise is imminent

All of this is my own opinion

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I certainly do support people having an opinion, in my opinion I would say the cash burn rate has been materially impacted by the reduction in staff. I could be wrong but looking at the quarterly's I feel there has been a bit of an impact.

Again it is only my opinion.

OSP Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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