RE:CEOI'll add another of the following to the latest naysayer on CEO:
* liabilities will ALWAYS be higher than assets for a startup that has yet to make revenue.
Junior mining companies have liabilities that are 10s of millions higher than their assets. Until they actually mine their only asset of "worth" (?) is their stake and/or land holding. Almost everything else that is put into sampling, test sites and administration is a liability.
There are numerous investors including the government of NZ and public shareholders that have invested in MBIO. It takes money to carry out research before making money.
* As for why a foreign (Australian) company would list on a Canadian exchange ...it happens all the time. I don't know the reason but would speculate it's because there is a larger pool of investors ....including those living in the country south of us.
MBIO could just as easily go either way depending on the efficacy of their results. But if you're going to dump on the company does it not make sense that it's carried out with a modicum of rational thought and evidence.
GLTE ....waiting for continued positive research outcomes!!!