I have just invested some money into this one...
Company :Avita Medical Limited
ASX code: AVH
Last closed: AU$0.09.5
Avita have this amazing product for the treatment of burns...It's like a spray on skin which means no need for skin grafts...
Already used here in Aus to treat Bali bombing victims and recent asylum seekers whose boat allegedly exploded they are in the process of seeking approval by the Food & Drug Administration in the USA...
Dr Fiona wood who invented the product is a company director and was also named Australian of the year in 2005....
Quote:
Dr Fiona Wood is Australian of the Year for 2005; Western
Australia’s only female plastic surgeon; head of the Royal
Perth Hospital’s Burns Unit; Director of the Western
Australia Burns Service, and co-founder of Clinical Cell
Culture, a private company recognised in medical circles
for its world-leading research in the treatment of burns. In
addition, Dr Wood is a Clinical Professor with the School of
Paediatrics and Child Health at the University of Western
Australia and Director of the McComb Research Foundation.
Below is the edited text of a speech given by Dr Wood to
the AFP Executive Management Board in May.
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Link
>Snipped<
Quote:
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Avita is a speculative buy, if only because its market cap of $8.8million is not much above its cash of $5million. But that hasn't stopped investors being burnt in the past.
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http://www.theaustralian.news.com.au...-30538,00.html
Company page at ASX web site...
http://www.asx.com.au/asx/research/c...=AVH#headlines
Here in Aus I use Comsec for buying and selling shares....Comsec is a part of the Commonwealth Bank one of the big 4 banks here in Aus...
I rang and asked....Those who reside outside Australia including Americans are permitted to open and operate trading accounts which is what you'd need here...'Cash management accounts' you are not allowed to open...
https://www.comsec.com.au/default.aspx
**Naturally do your own DD and never ever put money into the stock market that you not prepared to lose
