SOM 0.00% 29.0¢ somnomed limited

Quietly kicking goals, page-5

  1. 13,386 Posts.
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    I think its good , more liquidity in the stock plus they may be expanding their country reach and labs for the demand coming. They have been conservative in the past but raising money then was always going to be highly dilutive as the business was still not on a firm footing and global financial market was rocky. Now is a good time to raise capital and expand plus it lessens the risk of a low ball takeover imo.

    Im holding for now and will pick some up if they do a spp as well. Like i mentioned before hospital/medical healthcare group trialing the product as a replacement for cpap , reason they are doing it is that its more cost effective from a product and an admin point of view than cpap with its more complicated machine, worn parts needing replacement and a possible 60% compliance giving you still sick patients who go to create more health costs.
 
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