RE: Retail Placing2 May 2024 18:09
This is a lifestyle company, we are all being taken for fools. He's sitting there laughing in some 5 star hotel, with champagne etc massive salary giggling to himself. I'll post some stuff on social media and shareholders will eat it like starving animals.
Last year this same company gave up and was put up for sale as they saw no way forward. After endless placings in the past. No one took the bait and they returned, no sale, no one wanted to buy it. Instantly, they have deals with top tier companies that can't be named. Nothing has changed and nothing will change.
This is a lifestyle company and they are taking us all for fools. 5 million and 50% discount. This is not Sar that has a product in preclinical with results due in a few weeks time.
The cash burn here is ridiculous, no one is using Mirriad. Break even is years away, of possible. There will ne more placings next year. We've been down this road for years.