Large SOI an indication that funding requirements have perhaps been larger than expected over the past couple of years, however, they are now at a point that probably makes or breaks the Company with impending FDA approval for their app
Daily Chart
There is no question that the SP has formed a base going back to 2022, with an intermediate period of over excitement. around 4.5c is the "top" of the base, which I think only gets hit with news, but if that news takes out that level, then there is a trend change and we could be in for a period of SP appreciation
I believe the kids app an the FDA approval in the US, along with some major news out of the UK, will send this to a mkt cap around A$200m. At around $58m presently, lets call it 3 to 4 times. That assumes US FDA approval, take up and Kids app gains traction. That takes us to around 10 to 12c but I am also not ruling out another raise in the next 6 months to fund rollout.
The last time price had a small surge like today, it went on to hit 4.3c and quickly revered, but I don't think we will see a reversal this time around. The Company is on the brink of Company changing news and I suspect a lot of media coverage if they play this right.
Volumes have been light but consistently better in 2025 as a few are no doubt accumulating on expectation of news
