In April and May, trading for SomnoMed Limited (ASX:SOM) has been better than anticipated at the time of the recent Entitlement Offer.
Group volumes for combined months of April and May are down by 61% as compared to the previous year, in May down by 50% and in April down by 73%.
Moreover, SomnoMed had a net cash balance of nearly AUD 23 million as of 31 May 2020.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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