The problem here, not just for Admedus but for the thousand other 'businesses' trading on promises and dreams (aka sh!t and glitter) is surviving the coming cash crunch. Wealthy funding, whether from individuals or companies, has kept an unprecedented number of unviable ideas afloat. Except that now, a lot of the wealthy are suddenly discovering that they ain't so wealthy after all.
Don't get me wrong, I think AHZ has a good product. Maybe even a game changer. Maybe, in the right hands at the right time, it could be worth a fortune. But it's going to be very difficult not to run out of rope before this whole pandemic madness runs its course.
And not just AHZ. Every company that has habitually lost money over the past few years is heading for trouble. Heck, companies that have habitually made money are heading for trouble. Be very interesting to see where we are 6 months from now.
GLTAH, and may the Toilet Paper Gods smile upon every one of you.
The problem here, not just for Admedus but for the thousand...
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Last
$21.70 |
Change
-0.200(0.91%) |
Mkt cap ! $416.8M | |||
| Open | High | Low | Value | Volume |
| $21.90 | $21.90 | $21.12 | $200.0K | 9.341K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 126 | $21.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $21.70 | 776 | 1 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$21.39 |
Change
-0.200 ( 2.73 %) |
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| Open | High | Low | Volume | ||
| $21.50 | $21.57 | $21.12 | 259 | ||
| Last updated 15.29pm 01/05/2024 ? | |||||
| AVR (ASX) Chart |