DM value with 30 million cash? It is my personal opinion that just showing 30 million in cash will not be enough to drive stock.
With 355 million shares 0/s to get .10 cents per share, we will need 35.5 million.cash
With 30 million cash this would be 8.45 cents per share.
With market cap of 56.8 million there is 7.55 cents of value already priced into stock( IMO)
What is needed (IMO) is projections of future revenue for next quarter and the sources of revenue.
Information also needed for analyts on status of Medical, status ofgovernment contract and revenue expected.and other details such as corvid revenue
just 30 million in cash ( IMO) will not drive stock higher. as information already built into stock a market generally looks for news not expected..
Any comments?