TSXV:CVM.H - Post by User
Comment by
Nastroon Feb 28, 2019 2:39pm
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Post# 29424519
RE:Page 28
RE:Page 28That's a very good point Growth I've thought about it a lot myself as to why it's not got a much bigger market cap. The main reasons I can come up with are:
- It's on the wrong exchange. Should be on NASDAQ, many US investors don't like the TSX-V and the OTC.
- Its a 'one trick pony' as it's only got one product
- This is their first product bought to market so they have no previous track record of success.
- It has not yet had FDA approval and therefore if it fails there's nothing else out there so many will wait until it's cleared this hurdle.
- its very small and therefore too illiquid for many and just too far below the radar for most.
For what it's worth I can't see it not getting FDA approval and I fully expect it to sell very well. However, the risk is primarily in the sales and marketing in my opinion. When I ran a comparison between CVR and Helius I had it coming out at between 12 to 15 times the size in market cap terms. Still only time will tell on that and as I said all in my opinion.