XAO 0.68% 8,416.6 all ordinaries

Short Term Trading Week Starting: 9 July, page-51

  1. 3,780 Posts.
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    STTCOMP NTI, FA LONG
    MC ~$15.8m
    SP $0.16
    SOI ~80m

    Noone answered my query, so took a small punt anyway. Seems likely, according to 04/06 ann, to be able to sell Mente Autism units in the EU. New manufacturing will supply further units at end of July. These will provide some cash flow at the level it is permitted to sell units, so with cash of $3.4m may well be able to progress Class 3 trial with the FDA in US without raising further capital. Although the medical science seems obscure in its action, so is autism itself. All medical science trials are mere probabilities but this seems to have quite a high chance of some degree of success over placebo and other drugs.

    pmd3nka (tiny hold)
 
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