ABI ambri limited

another dog stock

  1. 3,567 Posts.
    Market cap 21m, cash 13m burning cash fast...

    The company has stated they need to raise significant cash this year... yeah right, fat chance of that!!!

    Cash burn rate is running at 18m per annum

    They have nothing and are working of some diagnostics still some time off. I think this one will sink to a penny stock, currently 40c.

    Their deal with Dow Corning sounds promising but without cash and the developed product this company hasn't got a chance.

    It's a tough world out their, ABI just doesn't cut it.
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