All fluff? I admit I'm a bit intrigued by this company given the obvious demand for rapid testing due to COVID.
But...
- The balance sheet is a disaster, they have a HUGE w/c defecit, they're basically insolvent and the Going Concern note in their FYE statements is, well, ominous would be putting it kindly.
- No insiders have bought shares in the last year.
- They have the revenue of a small town seasonal landscaping company.
I know there is some buzz here because they have a product that should be driven by COVID but....how would they even fund their growth if they do get the approvals they are awaiting? Hard to imagine many would be lining up to throw more money at this company.
Not bashing...I'm genuinely curious why the faith for those who have it? Not sure any of the info posted today is all that convincing given the track record.
Good luck.