Sorry xerxer, but I assume the doggies is AFL? As a person who lives in Sydney, I am glad Sydney lost (if we were in it) I think our team was in the final? Hopefully less media of that game. A-league starts this weekend thank goodness. Sydney FC!
Anyway, back to RGS. I am glad I sold out of this stock 6 months ago. Felt fortunate to get 15c for it. Burning 1.5million a qtr, future hinged on a deal out of Japan with very little detail to this point, a forwarded R&D refund loan, and "advanced discussions" about the Japan deal that seems to never end.
The NTA is 2c. There is virtually no revenue and cash keeps getting burnt. That's a mighty expensive SP on the hope of some possible deal.
This may be worth a punt, with in my view at between 1 or 2c, which is around NTA. Until then, sell sentiment.
T MINUS 1 DAY - DO THEY DELIVER?, page-12
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