Aug. 6 at 11:05 PM
$ZOMDF Like others, I believe we probably won't see much movement with the SP until we are profitable, even though the SP is vastly undervalued. But, at the declining rate of cash burn, we should probably have at least
$30 to
$35 million in cash and equivalents by the time we're profitable in 2027. At the current SP, that could buy back several hundred million shares. Of course, it wouldn't be prudent to use all our cash reserves for this purpose; but, I think we should use at least half for this, IMO. I also think we should use half of future quarterly profits to buy back shares. Doing this will shake out the weak hands and should significantly increase the SP. I still believe the majority of the volume of sellers are MM's, not retail investors. After all, ZOM has never looked better, with the last 3 ER's being fantastic and all of the promising partnerships and plans and profitability right around the corner. So, which serious SH's are going to give up shares at this price?
