EYE 0.00% 18.0¢ nova eye medical limited

POTENTIAL RE-RATE CATALYST EVENT: RESULTS, page-27

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    It's only been a few months since the last raise so I'd say we're pretty good till at least March next year. They make quite a bit of money so they have much more to play with than simply the $10m in cash. They wouldn't be increasing the marketing effort if they weren't seeing increasing sales, the team at EYE is pretty conservative with spending (just look at their track recording running Ellex medical)

    I have said I do think there will be one more raise before they are self funded, although I suspect they will aim to do it somewhat similarly to DRO. That is, let the price run on very strong sales growth to around 70c then do a raise for expansion. After that they should have enough to keep them going.
 
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