TSXV:KHRN.H - Post by User
Comment by
RoadRunner123on Feb 13, 2020 12:44pm
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Post# 30686616
RE:RE:RE:UM ... 45 milion in cash and 77 M market cap = Way Oversold
RE:RE:RE:UM ... 45 milion in cash and 77 M market cap = Way OversoldLooks like from last quarterly numbers and the Canaccord report for the quarter that the cash burn is being managed and reduced. I would expect this trend to continue as management streamlines activities and refocuses on core business activities. This company is now at an all-time low in terms of share price as a public company yet has a more advanced business and stronger cash position than at any point during its history. The key catalyst will commencing medical sales – where Khiron will likely be one of the first companies to sell product in Colombia. We see some sales numbers ramp and management of cash burn, I believe your predictions are extremely low. Time will tell, but this company is certainly in much better position than others. GLTA.
Do you own DD.