If i was a broker, i would say PNO is a strong speculative buy...

If i was a broker, i would say PNO is a strong speculative buy from now.

If a client was to ask why, i would have reasons backing it up.

- Currently are in expansion mode for delivery of their thermalife cream throughout australia = growth

- At the same time , they are persuing liscence partners which would have great impact on wealth

- have 2 products due to come out within a year from today, one being treated for a different cause and can be regarded as a unique product (red).

- Patents being granted, strength gained through IP over time which puts PNO in a unique positition to have advantage over others due to protection

- International distribution a possible outcome once procuts gets established in australia

- Rate of growth is high qtr to qtr, as shown for July, but next qtr will tell a better story of this.


- Cash burn rate is being reduced dramatically , again see next qtr for better indication. Last qtr burn rate 220K