why is this stock so low, page-5

Jsmama

That is issued capital, not cash burn from inception

I am first to criticize the lack of progress domestically, but as I said above, this was entrusted to MLA to perform as they were granted the exclusivity and failed to deliver.

That being said, the domestic market is only $80M from various reports compared to $3Bn internationally

The South South Partners look to be the real deal, having secured the LOI rather quickly, moving through regulatory approvals and commencing trials this month

Brazil at $3M p.a would bring us to be cashflow positive and should rerate to at least 4 - 6c

It is the unknowns such as US negotiations that they aren't providing much progressive updates on that could come from left of field with an MOU and LOI that sends it bunta

Remember even at 8c, market cap is a measly $40M which can very easily be justified with sales of $5 - $10M. The thing with ALT is that there overheads shouldn't increase all that much as they are targeting licensing deals.

Still rate this a strong buy