I see a couple of major points that need to be overcome for this to appear on a radar that will essentially drive the price northward
1. Putting to bed the issue with Prime and the previously announced issues around debt . The water seems very muddy around this . I suspect there are more issues than have been announced .
2. In the Australian medical world regulators such as the TGA - Therapeutic Goods Association , have a presence that will determine the success of products like his . Im happy to be corrected but I have found no evidence of any approvals or correspondence relating to the TGA in either NSP announcements or on the TGA website. It's a pretty big box that doesn't appear to have been ticked ??
3. The suggestion that the device may have an application in the vetinary world sends a conflicting message apposed to the IVF profession . Big difference here . So what market are they targeting ?
4. If he SP collapses much further from here capital raising will kill it . The SP won't be the enemy , dilution will be . Im of the opinion that at the current levels management will struggle regardless .
Thought any one ??
P.S Take note that I currently don't have a position in NSP . YET . Good product , just needs to tick a few more boxes
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 153799 | 6 |
0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
0.046 | 100000 | 1 |
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