Cash burning, fast growing (off a small base) UBI gained > 25% on Friday on no official news.

They were up > 30% intraday which made me wonder if they had confirmed their ability to cross the cash burning chasm to the promised land but ... then I saw this 5 min drive time puff piece:

https://omny.fm/shows/money-news/john-sharman-ceo-of-universal-biosensors

CEO John Sharman on the radio with a bunch of softball questions (sales pitch dressed up as news?). No new info here but no doubt a lot of first time listeners and probably a lot of 'at market' orders in an illiquid stock.

It likely sounds like a no brainer if you don't know the business and it's cashflow concerns.

That said, if they can make it through before the cash runs out, it is still cheap today.

Disc: Held