why is this stock so low, page-3

Jsmama

The $80M comment is not fair not correct, as if you look back Dr Monsour and Ross took control of the company when it was pursuing other activities.

The actual cash spent on the burette and Autoflush is very reasonable IMO and would be well under $5-10M from what I remember.

I agree with you regarding the need for a capital raising, but only a small one of perhaps $400k to tide them over. That is hardly dilutionary and will not hinder traders getting hold of this on significant news such as a distribution agreement and sending it several fold.

We are debt free, have 2 quarters of cash reserves, another quarter of credit and the ability to conduct a small raising. Forgetting the lack of revenue at this stage, we are very healthy financially for a bio trying to penetrate international markets. Some drugs companies burn 10's of $M's in their similar infant stage. Our cash burn and directors fees are also modest.

My 2 cents, MLA are not the right people for the job domestically. ALT engaged MLA to pursue Australian domestic hospitals and all they have delivered us in the past 18 months is Concord and NSW Ambulance - this is MLA's efforts remember and IMO is nothing flash. IMO, it looks like ALT may have sat on their hands waiting for MLA to perform - we aren't sure what MLA promised in terms of performance.

However, it looks as though ALT may have finally realised this and late last year pursued their own efforts internationally. Naturally with such small uptake domestically any international efforts would be a harder sell but they did manage to secure a LOI with a Brazilian major, are in negotiations with several US majors and have hinted at progress in Asia, not to mention set up manufacturing in China. Unfortunate they waited so long, but it looks to me like they are finally not leaving it in the hands of MLA domestically and gearing up partnering with consultants like South South who got them the Brazilian LOI in less than 3 months it seemed.

The comforting thing is none of these international efforts and potential were on the table 18 months ago, we were simply relying on MLA to deliver domestically. Real goals look to be getting kicked now ALT have taken things into their own hands. The Brazilian deal seems to be progressing quickly and given the amount of hints they gave prior to it being announced, I am taking their comments about US and Asia seriously.