Nemaura Medical Inc (NMRD)

[iddrisw]

Nmrd has a cash burn rate of 2m per year. Has 2 years cash without sales and clear delays with regulatory approvals has not fatally affected their business plan else they would have to disclose. Faz and co have high hopes of CE approval and you have to trust that. Nmrd exec compensation is way below their competitors and that tells a lot about their intentions/integrity even though they have been horrible with ce date projection. Sp will likely go down or get delisted if this goes on without CE. Even after CE most will be cautious until they see success being achieved.