Well they are burning circa $650K per quarter on "wages" alone.
Maybe hope that TK announces on the call tomorrow that executed wages are on hold until success?
But yes I agree - that results will determine valuation -
unfortunately results are > 12 months away now.
Fair value today is not 7 cents.
Have a look at any peers in clinical trials - let alone those with failed trials.
And an APP and methodology which is obviously flawed for general consumer use, which is essentially 99% of its target market.
Time to cut losses as Furniture said.
Well they are burning circa $650K per quarter on "wages" alone....
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #