RE: Loads of good RNS anoucements on the way, too many irons in the fire4 May 2023 19:27
Bantham.
You too seem a decent bloke. Thanks for you views.
They have said in so many words that as the cash burn goes it will last until H2 2024.
Of course not much was expected until now as the money was to gear the Company up for hugely increased revenue and was only raised on 15th July 2022 just 10 months ago. The sp is way down (21p) since the placing to raise £20 million (at some 80p a share) but I think the market was overly optimistic to expect big positive news when they were obviously very busy finding the premises for their labs, sorting out fitting them out, buying the equipment, finding new staff etc. !! Frankly until this was done it must have impacted the sales side. I mean it's a bit awkward to offer a labs services before it's up and running etc.......... Personally I won't be thinking about a potential new fund raise until early next year.
I think they need to concerntrate on the services side to generate near term income which will, at the same time demonstrate what the Parsortix machine can offer. They have confirmed they have one lab in the USA and one lab in the UK set up and runnning. I'm wondering if they can offer checking the HER2 status of breast cancer patients to the United Kingdoms NHS. The NHS send the blood sample and Angle do the HER2 test and advise accordingly?? That would keep them busy!
All IMHO.