Australia's largest stock trading and investment forum Australia's #1 stock forum

Short Term Trading Week Starting: 06 Jul, page-60

First 60 Last

Share
Profile

Follow
ammie

10,722 Posts.

549

08/07/20

08:56

Post #: 45712398
Share

Originally posted by UmiTrader: ↑

STTCOMP MX1 FA LONG

Market cap $50 million with about $15 million cash, $5 million convertible notes.

Manufactures portable x-ray machines for hospitals, FDA, CE Mark, TGA approved.
Recently raised capital at 14c to expand production due to covid demand. X-rays are used to assess lung condition in treatment.
Due for a sales update.
Sells exclusively through Carestream Healthcare, who own 3% of shares.

Relationship with US and Australian defense forces for a portable bomb detection x-ray machine, currently going through approval process, expected to take another two months. This will save lives and be a big seller.

Relationship with Thales (who own convertible notes in MX1) for an airport x-ray scanner product to be sold globally.

3.7% of the company changed hands yesterday after the close in a crossing. This might be the last of the retail underwriting shares which have been keeping the share price pinned to 14c or below.

Expand

lol, that's a bit extreme. We make xray machines ... for lungs.... oh, and for bombs.
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 51 more messages in this thread...

First 60 Last

SPONSORED BY