Can investors breathe easy with Respiri?

Alan Kohler speaks with Mario Gattino, CEO of Respiri, about their big move into asthma management in India and the suitability of the product for the Australian market.

Alan Kohler here with today’s CEO and it’s Mario Gattino, the CEO of Respiri. Now a couple of years ago I interviewed them and got quite excited and said it was a very exciting business and of course like a lot of these things it has not been exciting. At least it’s been slowly exciting, let’s put it that way. And the shares are still at about 10 cents. They haven’t really done much. Every now and again they have a bit of a run and everyone gets excited. And finally, it doesn’t quite get there. And all during this time, they’ve been living hand-to-mouth on cash. They’ve basically been running off the smell of an oily rag. And basically replenishing their cash with placements and raisings to the extent that they can. And they just did another raising recently which they reckon will last another 6 months. Which is not very long, let’s face it. Which is $3.4 million and they’re down to burning about $500,000 a month which is not very much.

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