+ No debt Close to casflow neutral/positive fairly Stable and high top 20 % Billionaire tops up 2m @ 20c Increasing sales Q on Q
- Lacks liquidity Needs better PR from company (take example horse nebulizer, no announcement), CEO role stil effectively vacant. A couple new hirings to management and shuffle of board (Delk) Lack of breakdown and insight into medivet business
Overall, 100% better on where they were 12-18mths back. I can see the concern for some, hence the SP halving, however the turnover has been lackluster, it doesn't look like the big holders running for the exits... I personally sit on a bundle.of these and have no intention of selling. Happy for this to be my LT biotech holding, but each to there own, dyor etc.
Cheers
MLA Price at posting:
17.5¢ Sentiment: LT Buy Disclosure: Held