Prescription only. About 50,000 people. They have a 2% market share in the US.
After the TGA pronounces themselves, it will be available from “Pharmacists Only”. Not Woolies.
They will dilute the equity pool again in weeks.
While they have $16 million on the books and are currently burning $6m a quarter...they also, as of the last Annual Report carry $6 million of trade debt....so...
Insolvency comes in 1.4 quarters or roughly mid November.
I’d expect their next pathetic cash raise attempt prior to mid November.
Maybe they’ll just dress PB up as soy-boy Santa and he’ll ring a bell with a bucket on street-corners like the Salvos in December.
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