notes perhaps the easiest and quickest way to get the cash in the door from friendlies ... ??? they appear to have toher fish to fry at the moment than worrying about raising funds.
nots and today's statement shows to me that they have one eye on the expiry of oppies end of july. at least three times they talk about what they hoped to achieve by mid 2011.
i think its as good a nod and a wink as you'd ever need that they intend to be cashing those oppies cheques come july 31.
i'd certainly be happy to convert early and help them out with some cash when the ords hit .20 in february. lol.
in all seriousness this new management team appear to have hit the ground running. wonder how long before they bring some of their US investor mates to the party? They do seem to have some great connections and i owuld hope that they start getting the revenue in and the share price up.
This comapny has to be a takeover target at some point. Resmed could use a bolt on aquisition like this to add a new string to their bow. Not only that they could at this stage take them out with petty cash .... i don;t expect them to wait until this company is valued at $200million.
KSX Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held