I do not think we need to concern ourselves to much with the current share price.
Under the guise of don't commit to anything and surprise to the upside.... what would one expect really.
The shareholders have nothing to go by really so the boredom leads to exhaustion and that leads to selling out in anger, probably.
So we must try to determine for ourselves what the immediate future holds, thats why IMHO I expect the following over the next 4 months.
- Dr Labor completes APAS Independence evaluation.Clinical trial commences for MRSA Module
- 4 New sales to large Australia Lab
- LBT concludes APAS Clinical Trial program with Successful results in its Melbourne and German trial achieving a 98% sensitivity in its detection of disease-causing bacteria.
- 2 new sales to Dr Labor
- 510k Supplement submitted for MRSA module
- Further sales of APAS Independence
- FDA Approval granted for APAS Independence as a Class two medical device
- Dr Labor to present at the 29th ECCMID "Image interpretation of MRSA cultures using APAS Independence
My Biggest concern was the potential for more capital raises but now I realize I have little to fear given the performance of the last 4 capital raises under the current CEO
2nd December 2016
7 million raised at 0.31 with the issue of 22,600,000 shares with11,300,000 options at 0.44
Shareholders that participated are down $ 5,243,200 and the optionswere cancelled. FAIL
7th July 2017
500,000 raised in SPP placement at 0.26 to eligible shareholdersThey are down $ 350,000 FAIL
27th October 2017
2 million raised at 0.31 Issued 6,451,613 shares to Autobio plus freeattaching Options of 3,255,806 at 0.44
Autobio are down $1,535,483 and the options were cancelled. FAIL
Theyprobably don’t mind because they were given the rights to Previ Isola whereaswe invested north of ten million to develop it LOL
6th March 2018
7.9 Million raised at 0.15 with the issue of 46.8 million shares
Shareholders that participated are down $ 3,369,600 and options werecancelled FAIL
These are all BIG percentage losses, VERY BIG losses
So really the company has got to get sales now because no one in their right or sane mind would give them anymore money.
I have brought
IMHO
(20min delay)
