Cash position is $3.4 Million20 Mar 2025 14:01
At the beginning of March 2025, so the Company is currently Valued at Cash in the bank.
There’s little point in raising funds now when they have cash reserves to last into November 2025, and a lot in the pipeline between now & then.
Personally, I believe a Company like J&J becoming involved isn’t just about the potential Revenue following their pilot, but it substantiates the technology enormously, and to attract the interest of such a behemoth is striking indeed. It further demonstrates that Trellus is here to stay, these programs are for rolling 12 month periods, so the Company is only going to grow.
My view is that further ‘commercial & strategic progress’ will be announced in due course, and due to the immensely low freefloat, the time to accumulate a good position is whilst it is off the radar, and weak holders are selling out at these attractive prices.
Anything under the current SP is less than cash, currently valuing the technology and business at Zero.
I will quietly continue to add.