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Re: TTIME post# 31070

Monday, 10/15/2018 5:17:58 PM

Monday, October 15, 2018 5:17:58 PM

Post# of 32010
Well, first, it is quoted in Brazilan reals:

https://www.bloomberg.com/quote/BIOM3:BZ

...which in American dollars is $2.31 a share and with 48 million shares now outstanding the market cap is only about 110 million.

More important, though, is that at the end of June, they had only 2.6 million American dollars in cash:

http://ri.biomm.com/default_download.asp?NArquivo=BIOMM_ITR_2T18_VF.pdf&arquivo=7D3C0491-05A9-43CC-A820-A636C4B5D906

The first six months of the year they had revenue of 4 million reals which equals about 1 million dollars.

Their expenses were 5.4 million reals or about 1.5 million dollars.

No matter how you look at it, the company is very, very small.

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