OIL 3.03% 16.0¢ optiscan imaging limited

Ann: Trading Halt, page-6

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  1. 286 Posts.
    lightbulb Created with Sketch. 31
    These are comments made in the Chairman's address on November 25, 2016:
    ''For far too long, Optiscan has relied on the generosity of our shareholders to continue to pump capital into the company and then failed to provide a return on that investment.
    With the cash position of the company resolved, thoughts quickly turned to clarifying the future position of Optiscan.
    Never before has revenue generation been so close and we are now close to delivering considerable financial benefits to Optiscan and its shareholders in the form of significant lifts in revenue and profit in the 2017/18 financial year.
    Like Zeiss, ViewnVivo has the potential to provide significant lifts in Optiscan’s revenue and profit commencing in the 2nd quarter of the 2017 calendar year and into the 2017/18 financial year and beyond.''

    I would like to look on the positive side and assume there must be some very good news around the corner that needs additional funding. If not we seem to have been provided with a new board which is not capable of predicting cash needs for a period of less than 6 months ahead.
    If there is good news then surely it should have been announced so that the market could react before issuing additional shares (in a placement?). I await the next announcement with some trepidation.
    Last edited by grussellt: 19/12/16
 
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