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Cashed up till 2022 apparrently...FDA approval. Hoping to roll...

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Froggy $

12,780 Posts.

274

24/07/20

19:21

Post #: 46060913
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Originally posted by Yowie21 ↑

Old mate Froggy found a gem today, more things wrong with this chart than you can point a stick at but looking like an opportunity.

Business is burning cash but has a few reasons for that, located in my part of the world at Tonsley Park which I toured at the start of year but didn't see these guys. They have a funding agreement from the SA Gov that a lot of tech start ups in the state have that requires them to meet minimum staffing levels and while that is a liability on the balance sheet it isn't really debt as it will end up getting rolled over or forgiven. Has no significant past revenue but a full order book and should of booked sales rev that will be in the quarterly next week.

Introducing MX1 which is currently an ugly ducking but has potential.

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Cashed up till 2022 apparrently...FDA approval. Hoping to roll out in ambos in the states, military medic contracts on the cards.etc. 3.6 mill booked in....looks good to me.. Thanks yowie

Last edited by Froggy $: 24/07/20
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