"I guess the board and management have put in that little less effort over Christmas and acheived more No Sales to propel the sp rapidly towards sub 2c. I expect the release of the quarterly will provide the added impetus to ensure it reaches this new milestone.
Colltech's market cap is now less than $4m and has no defence to any hostile takeover action which would deny current shareholders any opportunity to benefit from any turn around of fortunes. I'm am sure a lot of hard yards have been done and would hate to fall short or the finish line. We desperately need some substantial sales to get us over the finish line and begin to be a manufacturer with a full order book."
With the quarterly out and showing that they have insufficient funds to continue for another quarter the game will be over very soon if they do not get some major sales in the coming weeks.
CAU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
