AGH 4.17% 2.3¢ althea group holdings limited

Trying to scale a loss making business exacerbates the loss, page-7

  1. 691 Posts.
    lightbulb Created with Sketch. 160
    Their major expense is not cost of goods but actually cost of sales and marketing. Althea have a huge sales force of reps they have implemented trying to acquire patients.

    They are burning cash at a speed of knots and after today's stock market crash, appear like they will need to do a capital raise in the low 20s.

    IMHO
 
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