re: Ann: KSX Receives TGA Approval for its Pe... Potential but worrying balance sheet (read the reports).....
I've spoken to pharmacists who reckon their products should sell really well if they make it to market. But if there are no sales announcements over next few months might be time to cut and run given their balance sheet (no income, debt....)
From april's report
1.7 million in bank
~60k income i.e. negligible excluding SPP raising which is what they're basically living off
~500k per quarter burn
not good eh?
re: Ann: KSX Receives TGA Approval for its Pe... Potential but...
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