PEB - Pacific Edge Ltd

[QOH]

Sold one third of mine for $1.55 on Friday, not back in yet, happy to wait for a few days now and see what happens with the rights. Mine owe me very little at this point.

[tunsbro]

need to be in for the rights. Next week will be interesting.

[Xerof]

The sell line is still being constantly fed. But seems to be a bit more demand about at these levels.

Haven't heard a Balanced opinion for a couple of days. Come in spinner.....

[Whipmoney]

The sell line is still being constantly fed. But seems to be a bit more demand about at these levels.

Haven't heard a Balanced opinion for a couple of days. Come in spinner.....

Decent resistance at 1.20 so don't think she'll fall far below here from now, at least up until the sales announcement.

[ddrone]

Decent resistance at 1.20 so don't think she'll fall far below here from now, at least up until the sales announcement.

Agree. Do we have a date for the sales announcement?

[MAC]

Agree. Do we have a date for the sales announcement?

It has been 29th November for the last couple of years, two days after the entitlement offer close.

[BigBob]

Decent resistance at 1.20 so don't think she'll fall far below here from now, at least up until the sales announcement.

It's support mate, not resistance, and I agree - looks pretty solid for now....

[robbo24]

It's support mate, not resistance, and I agree - looks pretty solid for now....

130 cents had strong support too... then, bammo, gone.

[Mista_Trix]

or slow drift down...soo robbo its a tough one ...

The breakthrough $1.30 has massive downwards momentum behind it though, the fact that its held the day with far more 'normal' movement in the red says a lot. There seems to be a lot of commentary around - if it holds or falls I'm buying more, me being one of them. I was sick of spending all my working day looking for the perfect entry, and it looks as though some of that has cooled off.

DISC: No TA applied. Catch that knife!!

[Mista_Trix]

3,900,000 shares gone through off market after hours.

[Merc]

3,900,000 shares gone through off market after hours.

How can you tell what went though the market after hours?

[zymwh]

What is it ?

[whatsup]

3,900,000 shares gone through off market after hours.

Wonder who, better look at the company reg,

[Mista_Trix]

How can you tell what went though the market after hours?

The code shows its an off market transaction, and it went through at 5:10pm.
If you use either a Direct Broking, ASB or ANZ account you have access to this information - a list of recently completed transactions shows on the depth page.

[whatsup]

Wonder who, better look at the company reg,
Could only be a few S Hers, K1W1, or Masfen Holdings or 1 of 6 others but with the massive discounted rights issue its a puzzle as the majors are not short of a bob!

[Bobcat.]

That 3.9m volume could well provide a nice platform for a sp lift in tomorrow's trading. It's happened before (i.e. with other stocks).

[Lorne Ranger]

3,900,000 shares gone through off market after hours.

Was that at 1.20?

[False Profit]

That 3.9m volume could well provide a nice platform for a sp lift in tomorrow's trading. It's happened before (i.e. with other stocks).

So what's the next step for the share price? Is this huge trade the reason so many have set their buy price at 120? Surely the price is going to open much higher initially?

[robbo24]

The breakthrough $1.30 has massive downwards momentum behind it though, the fact that its held the day with far more 'normal' movement in the red says a lot.

There was more volume traded today (even prior to the 3,900,000 traded at the end) than yesterday when it cut through the 200,000 buys sitting at $1.30.

Come on guys, just chill out.

I'm not Hoops or anything but a glance at the 1 day/1 year chart shows that the excitement from the news is wearing off: http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=NZ%3APEB&time=8&startdate=1%2F4%2F1999&enddate=10%2F30%2F2013&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=4&lf3=2&type=4&style=320&size=3&x=33&y=21&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

This coming from me - I bought in PEB at 76 down to 60 cents and sat there waiting for it to come back up for a number of months. I got caught in the excitement then had to sit there for ages... I just don't want it to happen again. I will get back onto the PEB horse though.

A few days ago it was a bargain to buy the shares so that you could get a 13% "gift" through the rights issue... Well clearly if you had waited now you would have an even better "gift".

Lisa needs braces, dental plan.

[blobbles]

There was more volume traded today (even prior to the 3,900,000 traded at the end) than yesterday when it cut through the 200,000 buys sitting at $1.30.

Come on guys, just chill out.

I'm not Hoops or anything but a glance at the 1 day/1 year chart shows that the excitement from the news is wearing off: http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=NZ%3APEB&time=8&startdate=1%2F4%2F1999&enddate=10%2F30%2F2013&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=4&lf3=2&type=4&style=320&size=3&x=33&y=21&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

This coming from me - I bought in PEB at 76 down to 60 cents and sat there waiting for it to come back up for a number of months. I got caught in the excitement then had to sit there for ages... I just don't want it to happen again. I will get back onto the PEB horse though.

A few days ago it was a bargain to buy the shares so that you could get a 13% "gift" through the rights issue... Well clearly if you had waited now you would have an even better "gift".

Lisa needs braces, dental plan.

This illusion that people are getting a 13% "gift" should be killed off. You are also getting a 13% dilution. If you want to keep the same % of the company as you did before, you have to give the company money. That is not a gift.

[Xerof]

Uneducated guess.....Harbour AM again?

[barney]

Uneducated guess.....Harbour AM again?

Harbour or maybe Superlife ?

[Xerof]

Will only find out officially if they had over 5%

to be honest I'm more interested in who the buyer is. I sincerely hope its not setting up for an early takeover

[Merc]

Will only find out officially if they had over 5%

to be honest I'm more interested in who the buyer is. I sincerely hope its not setting up for an early takeover

What percentage of shares does a company need to be able to initiate a takeover?

[etrader]

Over 19.98 percent triggers a takeover offer.

[CJ]

Over 19.98 percent triggers a takeover offer.
Really - I always thought it was 20% or greater.

[winner69]

Suppose you can initiate a takeover even if you have no shares.

As CJ says if you go over 20% you need to make an offer to everyone ....even if you don't really want the whole lot ....so you just offer something like the market price so nobody accepts it.

[Poet]

Suppose you can initiate a takeover even if you have no shares.

As CJ says if you go over 20% you need to make an offer to everyone ....even if you don't really want the whole lot ....so you just offer something like the market price so nobody accepts it.

Yes but then you can't sit between 20% and 50% - you need to be either below 20% or above 50% not somewhere inbetween

[CJ]

Yes but then you can't sit between 20% and 50% - you need to be either below 20% or above 50% not somewhere inbetweenAre you allowed to 'creep' into the 20% to 50% range (eg. not participate in share buy backs) like you can above 50%.

If you go above 20%, I think you can make an offer to only go to 51% and if you get more acceptances you can scale them????

[Dentie]

Looks like more want to abandon this morning....still more shedding to be done it seems. People won't want to be caught with their pants down ... especially if more announcements arrive.

[Nigel]

Looks like more want to abandon this morning....still more shedding to be done it seems. People won't want to be caught with their pants down ... especially if more announcements arrive.

Depth looks fine at my end so could open higher (early days yet though). It wouldn't surprise me though if a big seller appears to take out the bids and lock in some profits. Recent downward pressure is no doubt worrying a few punters!

[Bobcat.]

I doubt that the seller(s) have yet gone away satisfied. Looking for a bigger battle around 120 sometime today.

[craic]

Opens with buyers at 120cps. Where has all the hot air gone? will have to light the woodburner if this keeps up - never mind, TEL looks like it will pay for my beer and skittles in the immediate future.

[Nigel]

Some of those waiting at 1.20 and 1.21 may decide to but at 1.30 if they think the worm has turned.

[Bobcat.]

Some of those waiting at 1.20 and 1.21 may decide to but at 1.30 if they think the worm has turned.

We have a daily high of 129. If we get trades at 130 then we have a higher high than yesterday which is more bullish.

[Nigel]

We have a daily high of 129. If we get trades at 130 then we have a higher high than yesterday which is more bullish.

I think we'll see it in a few minutes time. Really weak volume on the sell.

[gv1]

There are big funds from o'seas sitting with brokers, brokers trying to scare the faint hearted with drop in price to indulge in themselves and selling at a higher price to dark pools.

[GR8DAY]

.....looking like resistance at 129/130.......might be it for the day??

[Nigel]

.....looking like resistance at 129/130.......might be it for the day??

We'll see. If it hits 1.30, then there's not much on offer so 1.35 could go, 1.40, who knows. A lot of the profit takers will jump back in if it looks like the next run is about to start. And it can become self-fullfilling to a degree.

[Nigel]

And there goes 1.30 :)

[Minerbarejet]

So whats all this then - bit of panic buying is there?

[AndyLP]

There are big funds from o'seas sitting with brokers, brokers trying to scare the faint hearted with drop in price to indulge in themselves and selling at a higher price to dark pools.

Can you elaborate a bit more on this gv? It's a bit cryptic for a fresher like me. I like the idea of overseas funds mopping up shares.

[gv1]

Can you elaborate a bit more on this gv? It's a bit cryptic for a fresher like me. I like the idea of overseas funds mopping up shares.
I did mention yesterday, there were big volume going through at lower prices. Some traders who couldn't take the drop in SP sold out. There is a lot of overseas interest in the co, funds coming from Asia and US.

[GR8DAY]

So whats all this then - bit of panic buying is there?

.......followed by panic selling..........JUST WATCH!!

[Minerbarejet]

.......followed by panic selling..........JUST WATCH!!
Thats all I will be doing - watching:)

[Bobcat.]

.......followed by panic selling..........JUST WATCH!!

I don't expect the panic selling (if there is any) to begin until after the rights are issued on the 5th...by those tight arses not willing to front up with the dosh required (i.e. to buy an additional 2 for every 15 held, albeit at 55c).

Rights trading, more often than not, drags down the head share price for a bit.

BC

[tunsbro]

People are just trying to eek out an extra 10% here and there. Pretty volatile at the moment. There's the risk if you stay in you'll lose the 10%-20% on paper, but there's a risk if you stay out that you'll miss 10-20% in gains. More in the long term.

[gv1]

Happy holders here... just as well i didn't sell my PEB to fund geo.

[blobbles]

I did mention yesterday, there were big volume going through at lower prices. Some traders who couldn't take the drop in SP sold out. There is a lot of overseas interest in the co, funds coming from Asia and US.

How do you know there is overseas interest?

[Slowlearna]

Seems to be more buyers than sellers at the mo.
Thinking it might push higher today

[geo]

whipmoney... this person who posted shows how little the investing public understand about markets... and underestimates the technology at work behind the scenes.. ignore posts like this one..

HaHa hit a nerve did I only pulling your chain it's all good.
OH. No one responded that they were making money and hanging onto it??

[MAC]

Darling mentioned something along those lines in at least one or two of the interview he did recently. Can't recall exactly but maybe that's where gv1 is getting it from?

It was quoted in the NZ Herald last week. I think we will see more overseas interest as the company gains exposure to US companies over the next few months.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11146505

“The US deals helped to push Pacific Edge's shares up to a closing price of $1.58 on Thursday compared to 72c on Monday, a rise which Darling partly attributes to overseas investment following exposure in the Wall Street Journal”.

"We've received reports of significant investment from the US and Asia, it's pretty great when you get that level of exposure, especially from the likes of the Wall Street Journal.”

[blobbles]

So no evidence just heresy and conjecture?

With all these less than 10k trades it looks more like traders to me. That big 3.9 million trade @1.20 could have been an overseas buyer but I aren't sure they will be buying all these little chunks.

[MAC]

So no evidence just heresy and conjecture?

With all these less than 10k trades it looks more like traders to me. That big 3.9 million trade @1.20 could have been an overseas buyer but I aren't sure they will be buying all these little chunks.

It’s not heresy and conjecture just because you don’t receive the same reports as David Darling.

[Minerbarejet]

Dont suppose you mean hearsay- these auto corrects are crazy
Can change the whole thing in one easy stroke.
:)

[Xerof]

er, these relate to earlier selling transactions up to and including 23 October for HAM, and 18th for ACC

you won't find out if anyone 'big' is buying until they get to 5% so it remains heresy :pand conjecture

Turmeric, you're too bloody quick for me, but I agree with what you say obviously

[Xerof]

If the seller of 3.9m held over 5%, they will need to file a change of more than 1% notice. If they held less than 5% before that sale, no notice required

The buyer won't need to file anything unless that purchase took it over 5%


soooo, we are likely no better informed

[JohnnyTheHorse]

Looks like a failed test of the $1.30 resistance. I think there will be enough support for $1.20 to hold, but I sure hope it gets tested again. Maybe it'll break through $1.20 when it goes ex-rights?

[barney]

Interesting article posted on the PEB website today.

http://www.medscape.com/viewarticle/813239

[barney]

Interesting article posted on the PEB website today.

http://www.medscape.com/viewarticle/813239

oops. You can get it via their facebook page if the article does'nt come up.

[TimmyTP]

oops. You can get it via their facebook page if the article does'nt come up.
That is interesting, imagine the difference between:
"It's probably just a urinary tract infection. You could go through a very invasive procedure if you want, it will cost lots of $$."
and:
"It's probably just a urinary tract infection, but if you have $500 and want to just nip out the back and give a sample, we can make sure."

Could make a huge difference to patients' lives and to PEB's $.

[blobbles]

That is interesting, imagine the difference between:
"It's probably just a urinary tract infection. You could go through a very invasive procedure if you want, it will cost lots of $$."
and:
"It's probably just a urinary tract infection, but if you have $500 and want to just nip out the back and give a sample, we can make sure."

Could make a huge difference to patients' lives and to PEB's $.

The American health system shows what happens when you put the money men in charge of patient health. And I think the article illustrates that... why weren't the people who should have been tested, tested? Because its too expensive for the insurers...

I hope everyone in America comes around in support of the Affordable Care Act. This current furore in the US (coming from Republican sources) shows exactly what happens when insurers realise they won't make as much money. They bail out and cancel peoples plans. People can then get plans from insurers who will offer more coverage for less money. Boom, you should see a step change in the medical market over there.

Where will it go for firms like PEB? Well, it should be good, but in my view, only in the long term. Short term things will probably stay the same and insurance companies may block companies like PEB so that they can still claim testing falls outside their duty of care responsibility because it costs too much for cystoscopy compared to the chances of having bladder cancer and this new CxBladder is so very untested. That would make them the most money in the short term (as they could still demand high premiums without providing expensive services), so it makes sense that they would approach it this way. They could only keep that line going for so long however and once CxBladder shows its performance (which it will hopefully keep doing), they will HAVE to start using it, or competitors tests. All of this is IMHO, please give counter arguments though if you feel mine is invalid :)

[Xerof]

insurance companies may block companies like PEB

did you miss the last two announcements somehow blobbles?

[blobbles]

did you miss the last two announcements somehow blobbles?

As I have stated before, they may stock it, politics may stop it from being sold. Hopefully it won't, but it wouldn't surprise me in the slightest until it does at least temporarily.

I shouldn't have to say that something isn't sold until it is sold. But it appears I have to keep repeating myself.

[Bobcat.]

55c has to be appealing to most current holders, yes? I would think that those people that didn't want to take up the rights would either have sold out already on a profit-take or plan to sell their rights next Monday once trading begins, which could initially drag down the head share's sp. I'm guessing from mid week onward we'll see a recovery in both. That's my theory, and (for now) I'm trading to it.

BC

Discl: Holding and planning to take up all my rights to purchase more at 15:2.

[zymwh]

Another 100k+ at 125c after hour

[clip]

Noob question, will those after hour orders be processed/take effect at open tomorrow?

[GR8DAY]

I shud know this but what is the last day (record day) to qualify for thr rights issue?

[evander]

Ex - rights Tuesday 5th

[GR8DAY]

.......cheers , as I thought just wanted confirmation.

[etrader]

Would I be right in thinking the rights will trade for .70c each the difference between current price minus the 55c we pay ?

[Whipmoney]

55c has to be appealing to most current holders, yes? I would think that those people that didn't want to take up the rights would either have sold out already on a profit-take or plan to sell their rights next Monday once trading begins, which could initially drag down the head share's sp. I'm guessing from mid week onward we'll see a recovery in both. That's my theory, and (for now) I'm trading to it.
Discl: Holding and planning to take up all my rights to purchase more at 15:2.

It doesn't matter if its 55c, 70c or $1.. there is no shareholder wealth created from the pricing function of the right itself as the lower the pricing the greater the dilution of your other 13 shares.

The only way in which the rights issue creates additional value for the shareholders is if the $20m cash is applied to bringing their sales trajectory forwards, i.e. if the extra salesmen help them achieve their targets sooner.

[andysh]

From ANZ site:



Substantial security holder(s) giving disclosure


Name(s): Peter Hanbury Masfen and Joanna Alison Masfen


Contact details: Bridget McCarthy, (09) 307 2660, bmm@masfengroup.co.nz


Date on which substantial security holder(s) ceased to have substantial


holding: 31 October 2013





Summary of previous substantial holding to which disclosure relates


Class of listed voting securities: Ordinary shares


Summary for: Masfen Securities Limited


For last disclosure,--


(a) total number held in class: 15,057,641


(b) total in class: 278,755,147


(c) total percentage held in class: 5.402%


For current holding after ceasing to have substantial holding:


(a) total number held in class: 11,807,641


(b) total in class: 280,189,784


(c) total percentage held in class: 4.214%





Details of transactions and events giving rise to person ceasing to have


substantial holding


Details of the transactions or other events requiring disclosure under the


instructions to this form: Sale of 3,250,000 shares on market 31 October 2013





Can't seem to find it on the NZX website though?

[andysh]

I'm a bit confused by todays announcement. "Sale of 3,250,000 shares on market 31 October 2013"
There wasn't even that volume traded in the whole day yesterday was there??

Was thinking the same thing, but I think on the 30th there was that one transaction that was just after close for that amount? So may be that.

[cammo]

i havent got my rights info in the mail yet. Who to contact?

[False Profit]

Has Masfen sold because the price will likely drop after the 4th so he can then buy low and make mega bucks?

[gv1]

Who bought them?

[Skuxtrader]

Has Masfen sold because the price will likely drop after the 4th so he can then buy low and make mega bucks?

I know that the Masfens are an extremely wealthy family in Auckland so it wouldnt surprise me if he was banking profits. I'm not sure if he needs to gamble on buying back in at lower prices to make mega bucks

[skid]

Its usually good news when a major shareholder increases their holding so this being the opposite could possibly put more pressure on the price today--stay tuned folks

[gv1]

I guess there is so much demand for share that someone has to sell, esp those who bought cheaply. If someone has bought at 120 and sells at 125. Then its a worry/ sp would drop.

[Whipmoney]

He's just de-risking his portfolio. Given his shares have gone up a few hundred percent I don't blame him.. It's just common sense.

[MAC]

Its usually good news when a major shareholder increases their holding so this being the opposite could possibly put more pressure on the price today--stay tuned folks

I would be really more interested in knowing who bought those shares, onshore or offshore, it may be the beginning of a much larger holding. Good way to start with 3.9M shares.

The Masfen's have been in PEB since close to the get go, I would err towards the theory suggesting they may simply be re-balancing their portfolio now that PEB probably is overweight for them following recent gains.

[Whipmoney]

Masfen have only done what any good investor would do, profit taking to sell enough shares, after a huge rise, so there left over holding did not cost anything.
My shares tripled in value so I sold a third, now the rest of my investment in peb is free.

There's another announcement for Anatole Masfen (son) which I believe is for his interest in 3,250,000 shares.. which seems to be the same amount that Peter recently sold?

Paid $3,919,575 for 3,250,000 shares = $1.20 or so.

[tosspot]

So I just need some clarification on the rights issue, I think Ive got it right.
you need to purchase shares by the end of trading on the 4th Nov correct?
then 2/15th of those shares will automatically be available for you to either sell or hold and pay for beginning 7th Nov under PEBRC?
If you buy them before the 21st Nov,your money go into a holding account until 4th Dec in which the entitled amount will then be added in your normal PEB shares correct?

[Whipmoney]

My personal opinion is that the rights issue is adding great value to Pacific Edge Limited and the associated 13% dilution is of little consequence in the scheme of things.

This capital will progress product development, increase sales team and eliminate the threat of a capital crunch; and, they (PEB) can focus on just doing the ‘business’.

I sold shares to support the capital raising and will purchasing all our remaining rights.

This company and product is at this stage because of previous capital raisings i.e. the previous rights issues and the 6 previous SPP’s which have been supported by enthusiastic investors of the company.

This is all part of growing the business and we are at this point solely because investors will have stumped up with $60M and grown the company; hence, I see it as growth because I’m invested in Pacific Edge Limited. Traders see it as dilution, because they are focused on making a few bucks.

I wasn't disputing that this may add value.. I was dispelling the myth that just because these rights are priced at 55cents then its a free lunch (in the short-term) when all things being equal its a zero sum game.

[MAC]

My personal opinion is that the rights issue is adding great value to Pacific Edge Limited and the associated 13% dilution is of little consequence in the scheme of things.

This capital will progress product development, increase sales team and eliminate the threat of a capital crunch; and, they (PEB) can focus on just doing the ‘business’.

I sold shares to support the capital raising and will purchasing all our remaining rights.

This company and product is at this stage because of previous capital raisings i.e. the previous rights issues and the 6 previous SPP’s which have been supported by enthusiastic investors of the company.

This is all part of growing the business and we are at this point solely because investors will have stumped up with $60M and grown the company; hence, I see it as growth because I’m invested in Pacific Edge Limited. Traders see it as dilution, because they are focused on making a few bucks.

Well articulated Hancock’s.

A 13% dilution does seem of little importance when we have had magnitudes greater volatility recently.

Let’s look forward to those sales staff going forth and building working relationships with the LUG’s and 19 territories full of professional urologists looking for better medical solutions.

The technology and laboratories are in place, insurers are coming on board, my thoughts are that we should start to see the 20.5M investment start to return sales within a year.

[zymwh]

It is free lunch. The slight dilution for the head will recovet very soon. However you will never evet again to buy it at 55c. I'm not going to argue anymore . Think about the bigger picture

[JimHickey]

It is free lunch. The slight dilution for the head will recovet very soon. However you will never evet again to buy it at 55c. I'm not going to argue anymore . Think about the bigger picture
You are wrong.

[barney]

There's another announcement for Anatole Masfen (son) which I believe is for his interest in 3,250,000 shares.. which seems to be the same amount that Peter recently sold?

Paid $3,919,575 for 3,250,000 shares = $1.20 or so.

Because he is a director and a related party I assume it relates to the same sale.

Interestingly, the total number of transactions equals two, so a couple of parties have put in a good chunk of money.

[Bobcat.]

Any rights issue is a dilution no matter what the share price (i.e. next week there will be more shares of this same pie/company)

Existing shareholders will choose to either:

a) make this additional investment at a cost of just 55c per new share (2:15) which is a cost advantage over buyers next week and beyond who decide to purchase PEB head shares (this is my preferred option), or

b) not take up the right to make this additional investment and either sell that right next week (thereby not reducing the value of their existing investment) or let it lapse (i.e. reducing the value of their existing investment -- not recommended).

BC

[Mista_Trix]

You are wrong.

Jim please add some value with your comments, I've seen quite a few of your ten posts just say things like "that's totally wrong" "you're incorrect" "that's ridiculous".

We're all on this forum to debate and learn, I'd like to see what you have to say but I cant weigh up what your saying when its just a negative statement with no substance.

Thanks.

[Slowlearna]

Nice post Mr Trix, I have been thinking the same, and you said it well.

enough explanation?

[JimHickey]

Jim please add some value with your comments, I've seen quite a few of your ten posts just say things like "that's totally wrong" "you're incorrect" "that's ridiculous".

We're all on this forum to debate and learn, I'd like to see what you have to say but I cant weigh up what your saying when its just a negative statement with no substance.

Thanks.He has been told why and then just ignores all logic and states exactly what he said beforehand. Im not going to just repeat what other people have been saying. Its not worth my time to type up an example.

But point taken, sorry for the pointless posts.

[QOH]

Can someone please clarify for me, are current shareholders guaranteed an extra 100% of their entitlement to the rights, or is it only a pool (presumably small) of rights not taken up by shareholders. ?

[gv1]

Asking sp 131

[CJ]

Can someone please clarify for me, are current shareholders guaranteed an extra 100% of their entitlement to the rights, or is it only a pool (presumably small) of rights not taken up by shareholders. ?You get your entitlement. There will also be a (small) pool where the holder of that right lets it lapse which shareholders can apply for (up to 100% of their rights amount) - expect this to be significantly oversubscribed. In the unlikely event this pool isn't completely allocated, a book build will take place for the remaining.

It isn't like a SPP where only a set number of shares are on offer which may cause an over subscription.

[Xerof]

You get your entitlement. There will also be a (small) pool where the holder of that right lets it lapse which shareholders can apply for (up to 100% of their rights amount) - expect this to be significantly oversubscribed. In the unlikely event this pool isn't completely allocated, a book build will take place for the remaining.

It isn't like a SPP where only a set number of shares are on offer which may cause an over subscription.

Only NZ address holders get the entitlements, so there may be a larger pool available for the Oversubscription facility than you might think.

Even so, I agree there is little or no chance of the book build being needed

[goldfish]

I cant decide if i should top up a few more before monday...

[zymwh]

Aye aye dilution...zero sum game... no free lunch...lol hope you did not buy CNU at 3.00 because there is no dilution for it..lol

[CJ]

Only NZ address holders get the entitlements, so there may be a larger pool available for the Oversubscription facility than you might think.Thats good news.


6.[B]ii. The number of additional New Shares applied for (up to the Maximum Oversubscription), scaled in direct proportion to the aggregate holdings of applicants as at the record date.My guess is this is the most likely senario. I dont understand how the scalling will work though - does that mean everyone gets scaled the same or big holders get scaled more/less?

[baller18]

grrr all these sellers appearing at $1.30 again... sighs...

[QOH]

Cheers guys, it sounds a bit messy re the over subscriptions, if many apply I guess we could get an extra ten shares or so.

[GR8DAY]

.....just picked up another 35000 with every intention of taking up rights entitlement. Although on paper there will be a dilutionary effect, I somehow doubt it will get noticed much (if at all).......dont forget the company is at the same time getting an injection of capital ( more money in the bank, so to speak). If the SP pulls back a little? it will quickly bounce back in my opinion.........we tend to focus on whats in front of us (SP) not what's behind the covers.

[Xerof]

Thats good news.

My guess is this is the most likely senario. I dont understand how the scalling will work though - does that mean everyone gets scaled the same or big holders get scaled more/less?

I posted an illustrative example, but not sure it was right, so bombed it

I think it needs a BOT to work it out.

[JohnnyTheHorse]

Pretty interesting that the Masfen's have been selling down like that. All of the shares that they were holding were 'free', as they made enough to cover them when they sold a chunk at 65 cents. Having Anatole on as a director of PEB also means that he has a fair idea (probably better than most) of how the company is going. This doesn't ring alarm bells, as people have all sorts of reasons for selling shares, but it does make you think.

[tunsbro]

.....just picked up another 35000 with every intention of taking up rights entitlement. Although on paper there will be a dilutionary effect, I somehow doubt it will get noticed much (if at all).......dont forget the company is at the same time getting an injection of capital ( more money in the bank, so to speak). If the SP pulls back a little? it will quickly bounce back in my opinion.........we tend to focus on whats in front of us (SP) not what's behind the covers.
The dilution will be minimal, it should be smaller than the daily fluctuation of the current SP.
The capital value of the company increases by the same amount as the issue, so there should be zero effect on value unless you don't take up your rights.

[QOH]

As I see it. Basically it means that any rights 'orphaned' and going to the ‘Oversubscription Facility' or the Book Build (I would suggest there will not be one) is a serious loss of financial opportunity to the owner of those rights; and, they should have sold them (rights); or, taken them up (purchased the share).

That is sad for them, but very good for those that apply for them. I hope the owners of those rights ask the pertinent questions so that this doesn’t happen and there is no 'Oversubscription Pool'
It would make it easier for the company not having to sort out an over subscription pool.

Kudos to PEB anyway for allowing us all to participate and not just having a placement with the big boys.

[CJ]

Pretty interesting that the Masfen's have been selling down like that. All of the shares that they were holding were 'free', as they made enough to cover them when they sold a chunk at 65 cents. Having Anatole on as a director of PEB also means that he has a fair idea (probably better than most) of how the company is going. This doesn't ring alarm bells, as people have all sorts of reasons for selling shares, but it does make you think.Just like a managed fund, they may have investment rules that dictate they cannot be significantly overweight in investments.

[Merc]

As an Advanced Beginner in the share market PEB and the Share Trader Forum have certainly added greatly to my knowledge in the last week!

Aside from various technical matters that people have helped clarify it has been very rewarding learning the different ways that investors and traders think. And how major upswings are followed by corrections and swings before settling. And how things like preliminary news and Rights issues affect the share price.

This one I'm staying in as an investor but I've definitely gained far more knowledge for future share purchases.

[Latama]

Likewise with myself, Merc. This is my first post, but I've been lurking around many of the threads just trying to absorb and learn what I can :)
Still very early days in terms of investing for me (it all kicked off within the last month), but bought a parcel of PEB shares amongst a few others, so here's hoping I get off to a positive start!

Now back to watching from the shadows..

[Dentie]

Likewise with myself, Merc. This is my first post, but I've been lurking around many of the threads just trying to absorb and learn what I can :)
Still very early days in terms of investing for me (it all kicked off within the last month), but bought a parcel of PEB shares amongst a few others, so here's hoping I get off to a positive start!

Now back to watching from the shadows..

Welcome Latama...One thing I've learned is the amateurs do their buying in the morning and push the price up and the pro's leave it til the last minute at 5pm to purchase (when the amateurs start to get nervous) and push the price back down again. The only time to take notice of the share price is at the end of the day (unless there is something big happening ... when, if you leave it late, you'll get caught paying a high price ... or totally miss the boat!).

[Merc]

Welcome Latama...One thing I've learned is the amateurs do their buying in the morning and push the price up and the pro's leave it til the last minute at 5pm to purchase (when the amateurs start to get nervous) and push the price back down again. The only time to take notice of the share price is at the end of the day (unless there is something big happening ... when, if you leave it late, you'll get caught paying a high price ... or totally miss the boat!).

Yes, I have also learnt that one (the hard way!)

I organized a share purchase for my mother on the morning PEB started its stella climb (excellent timing), a later purchase a day or two later for me SHOULD have been left to the afternoon - or better yet the afternoon 3 days later. But it is all part of the learning curve and I'm still showing a very good paper profit thanks to 2 earlier purchases.

[geo]

Yes, I have also learnt that one (the hard way!)

I organized a share purchase for my mother on the morning PEB started its stella climb (excellent timing), a later purchase a day or two later for me SHOULD have been left to the afternoon - or better yet the afternoon 3 days later. But it is all part of the learning curve and I'm still showing a very good paper profit thanks to 2 earlier purchases.

A famous investor once asked when was the best to by shares, he replied when you have the money if you are in the market for the long haul.

[Cricketfan]

prehaps that was in the day before money had become just a formula on a computer at a reserve bank ... and tax accounting had become contaminated by non currency transfers .... as i have said before accounting standards are based on old 3 column paper reports and trial balances are simple databases ..... so beware .... accounting reports are based on non multi dimensional technologies for the most parts and technologically old solution ... even the so called NEW accounting systems just conform to the old standards ...


If someone could translate surfersteve's posts into something that is easy to understand, that would be great.

[Citizen Erased]

I asked my brother-in-law, who is a GP, what his thoughts were in regards to Cxbladder and investing in PEB. These were his comments:


For a screening test to be useful, the following points apply:


The test must be easy to administer - Cxbladder is
The test must be cheap - As it is a screening test, we are trying to pick up people (the general population) with suggestion of cancer. I'm not sure how much it costs...
The disease must be easily treatable in the early stages, e.g. like breast cancer. We have two-yearly mammograms for women. We see a lump and we proceed onto biopsy or further confirmation tests. The lump/breast is relatively easy to remove, unlike the bladder. Bladder cancer is fairly easy to de-bulk (remove) but still requires adjuvant chemotherapy and radiation, be it brachytherapy or otherwise.
The disease must be prevalent - Bladder cancer is not. Unsure of why the Spaniards have so much of it - perhaps they use heaps of naphthalene dye? Not sure. But overall, bladder cancer is low on our list, unlike breast, colon and prostate cancers.
Accuracy is a moot point because we always proceed to tissue biopsy for a definitive answer. No urologist would deny a cystoscopy based on the urine test. Cystoscopy is simple, easily accessible and relatively cheap to perform with a high yield of diagnosis.

So as a screening test, it does not fit the criteria for general public use.

The other scenario is a patient comes in for a check-up. We do a urine test to check for glucose, e.g. diabetes, but low and behold blood shows up... (blood tends to be present in bladder cancer), so we go on and analyse the urine more thoroughly and image the renal tract/bladder and prostate to see if there is a mass. Depending on those results, we may refer to the urologist who will then do a cystoscopy.

What if we perform the Cxbladder test at the initial stages? The likelihood is that if positive, we will do EXACTLY the same protocol and end up with a cystoscopy, the reason being that IF the test was positive, knowing a specificity of 85%, I would not be happy because I would miss almost 1 in 5-6 patients who actually HAVE cancer and were negative on the test. I would sleep better if someone actually had a quick peep at the bladder to check for sure.

So the value as an adjunct test is also not that great, hence I see this as a risky product to float.


Disclosure: Holding (and not planning on selling anytime soon)

[craic]

CE this is easily the most informative post on this share that I have read and it reflects a question I asked way back in an earlier post - has anyone met a person with bladder cancer? or something similar. Tossing around the possibility of millions of people needing this process will always be an exaggeration.

[Poet]

I asked my brother-in-law, who is a GP, what his thoughts were in regards to Cxbladder and investing in PEB. These were his comments:



Disclosure: Holding (and not planning on selling anytime soon)

Thanks CE, I'd be interested to hear your BIL's response to

When referring to a medical test, specificity refers to the percentage of people
who test negative for a specific disease among a group of people who do not have
the disease. No test is 100% specific because some people who do not have the
disease will test positive for it (false positive).

If I understand correctly, CxBladder diagnosed 100% of cancers in the clinical trials

The 85% specificity refers to false positives not false negatives (which seemingly are nil) So in my mind your BIL can sleep peacefully (other than maybe worrying about his lack of understanding of the relevant medical terms perhaps:)

[winner69]

Haha, yup, I'm sure what Surfer Steve says makes sense to him, but for the life of me I can not reconcile anything in geo's post with anything Steve said. I think Steve just likes talking about technology, accounting systems, and taxation…. ;)

I think that surfer meant this for the xero thread and if you guys don't get it I think he was really talking about cubby holes.

[Minerbarejet]

And here we go again. Cxbladder picked up several cases of bladder cancer that cystoscopy did not. Fact

[Cricketfan]

I asked my brother-in-law, who is a GP, what his thoughts were in regards to Cxbladder and investing in PEB. These were his comments:

If what your brother-in-law says is correct, then why would anybody be interested in Cxbladder at all? I can understand the bit about bladder cancer not being as prevalent as other cancers which would therefore affect sales volumes of Cxbladder, but to say it's not useful as a screening test or adjunct test seems strange given all the interest from the medical profession. Surely if it wasn't a useful, cost-effective test, there would be no interest in it?

[False Profit]

If someone could translate surfersteve's posts into something that is easy to understand, that would be great.

Hey! The dude said buy. What more is there to understand :)

[Minerbarejet]

CE this is easily the most informative post on this share that I have read and it reflects a question I asked way back in an earlier post - has anyone met a person with bladder cancer? or something similar. Tossing around the possibility of millions of people needing this process will always be an exaggeration.
I have. He was someone I knew reasonably well and I watched him die an agonisingly slow chain stoking death that went on for weeks. He was my father.

[blobbles]

I asked my brother-in-law, who is a GP, what his thoughts were in regards to Cxbladder and investing in PEB. These were his comments:



Disclosure: Holding (and not planning on selling anytime soon)


And here we go again. Cxbladder picked up several cases of bladder cancer that cystoscopy did not. Fact


This is exactly why I have told people that this thing isn't 100% sure. You need to convince doctors to buy the thing and it needs to be done in a way that they perceive it adds value to a tried and true method. If they perceive it does not, they won't go through the extra process to buy it/sell it/recommend it. Hence it most certainly is not a sure thing that sales will follow, no matter how many insurers back it up.

Regarding Minerbarejets comment, they may recommend it only for cases where they have done a cystoscopy, have not found any other problems (remember 95% of cases of hematuria are something other than bladder cancer) and therefore still cannot explain the hematuria. This then dramatically reduces the market size to 5-20% of my estimated projections as, I believe, my market size estimations were for people that presented with hematuria.

Despite a lot of peoples conviction around CxBladder, its not a sure thing. There is a reason they need to hire sales people, as even they believe it is highly unlikely sales will flow just because the product exists and is sitting on the shelf. Another thing I have found to be interesting is, despite a number of user programs having been completed or in process, no medical professional or organisation has yet appeared to come out with a statement saying "CxBladder adds a lot of value to current methods and we are eager to incorporate it into our testing for all patients with hematuria" or something similar from a customer perspective. We only have statements talking about potentials. I do hope these type of statements come out, but the lack of them is an ongoing concern for me from a risk perspective.

[GR8DAY]

This is exactly why I have told people that this thing isn't 100% sure. You need to convince doctors to buy the thing and it needs to be done in a way that they perceive it adds value to a tried and true method. If they perceive it does not, they won't go through the extra process to buy it/sell it/recommend it. Hence it most certainly is not a sure thing that sales will follow, no matter how many insurers back it up.

Regarding Minerbarejets comment, they may recommend it only for cases where they have done a cystoscopy, have not found any other problems (remember 95% of cases of hematuria are something other than bladder cancer) and therefore still cannot explain the hematuria. This then dramatically reduces the market size to 5-20% of my estimated projections as, I believe, my market size estimations were for people that presented with hematuria.

Despite a lot of peoples conviction around CxBladder, its not a sure thing. There is a reason they need to hire sales people, as even they believe it is highly unlikely sales will flow just because the product exists and is sitting on the shelf. Another thing I have found to be interesting is, despite a number of user programs having been completed or in process, no medical professional or organisation has yet appeared to come out with a statement saying "CxBladder adds a lot of value to current methods and we are eager to incorporate it into our testing for all patients with hematuria" or something similar from a customer perspective. We only have statements talking about potentials. I do hope these type of statements come out, but the lack of them is an ongoing concern for me from a risk perspective.

..........your'e clearly sounding like someone desperately trying to ramp down this stock BOBBLES??? For starters can you quote anyone who has stated this is going to be a "100% sure thing"?.....of course you cant......AND why wud it need to be anyway.......is there any business model out there that is? It is well understood that for Cx to be successful (along with PEBs other prooducts)...a strike rate of anything from 5-20% WILL translate into a strong and highly profitable business......i believe DavidDarling and his (already succesful) team
will make this happen, after all they have already clearly demonstrated their combined abilities and commitment to get it this far (HUGE) .....in fact if i cud be so bold as to suggest 70-80% of the real hard work has now been done and signed off?
You also question why they need sales people out there promoting the product
.......um isnt this what just about every company on the planet does.......especially as a start-up??
COMMON.BUSINESS.SENSE.

[Dentie]

Just had a read of Tim Hunter's column in the Sunday Star Times. He is renowned for his negative comments on anything that appears risky, but he writes what most of us already know (but some clearly don't want to believe unfortunately). I liked his last paragraph where he believes PEB will justify its share price a lot easier than XRO can. Finally, someone who actually is prepared to publicize what I (& a number of others) have been saying for ages.

For all the naysayers on this thread, can I suggest you start another thread. You clearly don't seem to understand what a true investment looks like. But I'll tell you what, if you are not in PEB VERY SOON, you will be paying an expensive price to get in.

[etrader]

This week I sunk considerable funds into CDY as well a year ago putting funds into PEB which is my largest holding. I figure firstly as PEB pipeline of IP comes to fruition it can only benifit CDY with royalties.

It's been talked of in the past but globally kiwi firms lead innovation but sell out to early - my belief is a major multinational will attempt to control PEB once they solidify their business into a proven commercial biotech that insurance firms are all over, we are seeing the entree into their potential.

Agree with the post that the price of PEB is easier to justify than xro.

Four years $5 min !!!! DYOR

[craic]

Dentie, and others, this is a share trading, dealing forum for people who, for one reason or another, want to make money or secure their future or whatever. I am an old man and I can play the game for fun or whatever. Ihave the house, the land, the car, the ute, the boat, all freehold and a wife of fifty years who is almost paid off and we both enjoy cracking good health. PEB will be successful when it starts putting money in the SHAREHOLDERS pockets at a higher rate than banks etc. At the moment, it is just another test for a disease that is less than common and the company is likely to use a significan part of any return they get to finance further research and so on. If you get any return within three years you will be lucky and I am aware of several other potential cancer cures under research around the world. If one of those comes into play then peb could be just another brick in the wall.

[zymwh]

Blobbles on his post on sep 19th said he would only sell his share at 15dollar. Talk it up before the huge announcement and now becomes a unbliever? I guess its because he has sold and want to get in again ;-). Its ok. This is typical what some traders do on public forum. Btw, On Otc23th he said:

### I also like Davids comment on the $100 million revenue target: " It's a very doable target, and could come sooner Generally I have found he says stuff like this when other people would says stuff like We will definitely do that in less than the time stated.".

New learners be awared ;-) I am ok.

[winner69]

Just had a read of Tim Hunter's column in the Sunday Star Times. He is renowned for his negative comments on anything that appears risky, but he writes what most of us already know (but some clearly don't want to believe unfortunately). I liked his last paragraph where he believes PEB will justify its share price a lot easier than XRO can. Finally, someone who actually is prepared to publicize what I (& a number of others) have been saying for ages.

For all the naysayers on this thread, can I suggest you start another thread. You clearly don't seem to understand what a true investment looks like. But I'll tell you what, if you are not in PEB VERY SOON, you will be paying an expensive price to get in.

Tim your hero now dentie ...he a good guy

Your suggestion re a new thread .... shall I start one called THE PEB GROUP HUG THREAD ....and leave this thread open for anybody who wants to share thoughts on PEB whether they meet your and others views

[Dentie]

Dentie, and others, this is a share trading, dealing forum for people who, for one reason or another, want to make money or secure their future or whatever. I am an old man and I can play the game for fun or whatever. Ihave the house, the land, the car, the ute, the boat, all freehold and a wife of fifty years who is almost paid off and we both enjoy cracking good health. PEB will be successful when it starts putting money in the SHAREHOLDERS pockets at a higher rate than banks etc. At the moment, it is just another test for a disease that is less than common and the company is likely to use a significan part of any return they get to finance further research and so on. If you get any return within three years you will be lucky and I am aware of several other potential cancer cures under research around the world. If one of those comes into play then peb could be just another brick in the wall.

Congrats on your open statement of wealth Craic ... well done, but sorry you have still to pay off the wife though (:confused:). Did you get all the toys freehold by your own business success or share investing - or what the bank paid you? Incidentally, what the banks have been paying since 2009 has been next to zero (after tax and CPI of course) so its not going to take much to beat that. In my view, your comment re it is about how much and when PEB starts putting money in the shareholder's pockets is typical of an investor (trader??) who thinks it is all about them. That attitude (to me) is more about self indulgent greed than it is about supporting a company that has wholesome intentions around doing good about some of the problems facing humanity. It is people's focus on self fulfilling financial greed that keeps causing these financial meltdowns every 7 years or so. If the focus was on helping our society in the areas of medicine etc by supporting the companies that have the expertise to bring it off, then you will make heaps of the money you desire - by default. The fact that you see the share market as a "game" really worries me as it is precisely this type of cavalier attitude that brings whole markets down.

Why are you still trying to play the game if you already have all the toys Craic? Are you still not satisfied?

[Dentie]

Tim your hero now dentie ...he a good guy

Your suggestion re a new thread .... shall I start one called THE PEB GROUP HUG THREAD ....and leave this thread open for anybody who wants to share thoughts on PEB whether they meet your and others views

Well Winner, Blobbles used to be my hero until the posts started becoming forked.

I make no apology for being a keen advocate of what PEB is trying to achieve ...and seems to be methodically doing that. My hero's are other poster's who seem to be making sense - based on each de-risking event that PEB achieves along the road. Now Tim Hunter also seems to be a believer. I am learning too - like most of us on here, but it gets tiresome waiting for the next naysayer's comments - based of course on the rapidly declining risks to PEB's pathway. I do wonder whether those naysayers are buying more shares. Or, are they believing their own comments and de-risking their own positions by selling?

[GR8DAY]

........by far the biggest current risk attached to PEB is NOT owning any. In my opinion they will double in value in under 12mnths......and Ive put big money on it!!

[AndyLP]

Citizen - Really appreciate you taking the time to post your contact's feedback.

I have to say however, 85% specificity doesn't mean the the test misses the presence of cancer 15% of the time. Specificity refers to false positives, so how often the test results conclude that the patient has cancer when in fact they are totally healthy. Although its mildly annoying, you're less likely to lose sleep if you've told someone they're sick when it turns out they're not, than the reverse.

It is sensitivity which refers to the true positive rate, of which, we know cxBladder is extremely accurate - cxbladder sees 100% of T1, T2, T3, Tis and greater than 95% of high grade tumours. (This is old news now!)

With this in mind, here's one specific opportunity I can see. From the article posted by Pacific Edge recently "American Urological Association call for both cystoscopy and upper urinary tract imaging for anyone older than 35 years with hematuria"(1) Yet evidence tells us that "About 9 out of 10 people with this cancer are over the age of 55, and the average age at the time of diagnosis is 73" (2) We also know that a history of smoking can increase the chances of bladder cancer, as can simply being male.

So if you had a 40 year old woman presenting hematuria with no history of smoking - there's an opportunity there to avoid the cystoscopy completely and use cxbladder to rule out the presence of bladder cancer. This would in my view negate the issue of the relatively 'low incidence of bladder cancer' raised by craic. I would have thought it is the number of people presenting blood in their urine that require the check that's important here, not necessarily the actual incidence of the cancer itself.

1. http://www.medscape.com/viewarticle/813239
2. http://www.cancer.org/cancer/bladdercancer/detailedguide/bladder-cancer-key-statistics

[Merc]

... has anyone met a person with bladder cancer? or something similar...
Yes, a friend of mine. Dealt with bowel cancer only to find that it had spread further to the bladder.

And on the subject of bowel cancer...
My brother-in-law was diagnosed with bowel cancer when he was around 50, fortunately at the stage where it could be fixed (partial removal, chemo, restricted diet - no spicy food - for life). This then led to family testing.

The first time my other half went in for a colonoscopy the doctor said, "Nice timing" as they had harvested some small polyps (under a certain size they are benign, bigger there is x% risk of them becoming cancerous). The result is two year colonoscopies to keep the things at bay - and yes, they have found and removed more each time they have done it.

Whilst two yearly colonoscopies are needed due to the polyps - what about our kids?

Both daughters are now late 20s and their one test to date came up negative. But in the future? Somehow I can't see either of them subjecting themselves to the invasive procedure "just in case" for the next 20 or 30 years. A regular test such as CXBladder only for bowels is non-invasive and far more likely to get done on a regular basis!

Now think Bladder cancer. If family history is there...

[Merc]

Risk. Every endeavour contains a certain amount of risk. And the greater the risk the higher chance of rewards as there is always the possibility that it will crash and burn.

From a project management perspective acknowledging and accepting risk gives you a far greater chance of minimizing it.
With shares this may mean a balance in the portfolio between high, medium and low risk shares. Or perhaps learning about trading (the swings between high and low) to reduce the capital involved whilst still keeping the same volume of shares)

Personally I LIKE the comments pointing out the risks as well as the ones pointing out the positives. They help keep the perspective in balance.

[Citizen Erased]

Thanks, Poet, Minerbarejet and AndyLP for the points you raised. I'll go back to my brother-in-law to see if he has anything else to add.

[craic]

There are reportedly 383,000 cases of bladder cancer, worldwide - as I said before when this company starts putting more cents-perdollar in the investors pocket than the local bank then it becomes interesting, meanwhile You have to die of something and for most of us, bladder cancer is well down the ranks.

In the US, bladder cancer is the sixth most prevalent form of cancer (8% of male cancers and 2% of female).
Patients with bladder cancer receive the diagnosis after they present with macro or microscopic haematuria (presence of blood in the urine).
In the US, 1,000,000 patients per year present to their GP with haematuria and US$1 billion will be spent this year investigating haematuria.
Recurrence rate for bladder cancer ranges from 50% to 70% over a five year period.
68,800 patients are diagnosed each year with bladder cancer.


Add to this Europe, Asia and Australasia.

[blobbles]

..........your'e clearly sounding like someone desperately trying to ramp down this stock BOBBLES??? For starters can you quote anyone who has stated this is going to be a "100% sure thing"?.....of course you cant......AND why wud it need to be anyway.......is there any business model out there that is? It is well understood that for Cx to be successful (along with PEBs other prooducts)...a strike rate of anything from 5-20% WILL translate into a strong and highly profitable business......i believe DavidDarling and his (already succesful) team
will make this happen, after all they have already clearly demonstrated their combined abilities and commitment to get it this far (HUGE) .....in fact if i cud be so bold as to suggest 70-80% of the real hard work has now been done and signed off?
You also question why they need sales people out there promoting the product
.......um isnt this what just about every company on the planet does.......especially as a start-up??
COMMON.BUSINESS.SENSE.

I am holding the stock GR8DAY, I have been for over a year now and have only been topping up. However, I did sell some at $1.50, enough to cover participating in the rights issue. You can claim that I don't all you want, it doesn't bother me, but I have about half of my savings sitting in PEB shares and when/if they succeed, I will be a happy chappy! I absolutely want them to succeed, but they won't be successful until they are. Right now we have no numbers that tell us doctors are buying or stocking them. We also have a doctor telling us that they probably would not buy it. So the product is still a risk in anyones book and if you ignore such risks, it will be to your own folly now or in the future.

If the product was completely de-risked, it would be selling for at least $10. Why isn't it? Because other people understand (professional investors etc) that something could go wrong before it gets sales. That could be anything from being politically torpedoed to doctors simply not buying it and justifying it medically.

When they start performing, and I believe they will, I will be happy as a pig in mud and my posts will certainly reflect that. But I don't want people who rely on sharetrader for investment advice to be betting their house on things as I have seen elsewhere (like the guy in DIL) when they aren't aware of risks of that investment. And when I see pages and pages of posts from people who are talking about the upsides but no downsides, it scares me a little.

Again, when the sales flow, you will be hearing me back on the positive side of things. But right now this thread needs some naysayers to balance it from a risk perspective.

[GR8DAY]

Blobbles, what's up with you mate? So bullish on PEB and now so ante??
Hard to put much weight on someones comments when they appear so flippant and mercurial ;)



.....I think it's fairly obvious TUMERIC......sold out at a higher price and now just trying to talk the SP down.......smacks of desperation by a trader who realizes he/she made a big mistake........(i know these things cos Ive done it myself!) HOLDER

[Dentie]

There are reportedly 383,000 cases of bladder cancer, worldwide - as I said before when this company starts putting more cents-perdollar in the investors pocket than the local bank then it becomes interesting, meanwhile You have to die of something and for most of us, bladder cancer is well down the ranks.

I sold 4% of my PEB holding the other week (@ $1.59) - equal to 26% net yield on my investment (the 4%). I will be using these funds to purchase my full rights entitlement. No bank (least of all my local bank) can give me a 26% net return on my investment - whilst, at the same time, giving me the right to increase my PEB holding by another 44,000 shares (at a 44% discount!).

Craic, without trying to be smart here, if you are waiting for a dividend yield on this stock - perhaps you are holding the wrong stock. Maybe you should be holding RYM? Dividends will come in time, but to me, PEB is a red-hot growth stock - meaning yield over time.

Again, by worrying about getting dividends out of the likes of PEB - this would actually be working against the best interests of the company. They need to retain their earnings to help fund their inevitable growth, not pay dividends until they are very well established and producing ongoing growing profits.

[geo]

If what your brother-in-law says is correct, then why would anybody be interested in Cxbladder at all? I can understand the bit about bladder cancer not being as prevalent as other cancers which would therefore affect sales volumes of Cxbladder, but to say it's not useful as a screening test or adjunct test seems strange given all the interest from the medical profession. Surely if it wasn't a useful, cost-effective test, there would be no interest in it?

If Cxbladder not useful why would the DHB' in NZ pick it up

[craic]

Every stock is a dividend stock or a dud - the money you make trading in this one is pure luck and the fact that there are bigger mugs out there willing to pay over the odds to you . As to the rights issue as others have pointed out this is just a dilution - the same pie made into smaller pieces. I will now remain silent on this subject for a period of one year and concentrate on making my fortune from real investments.

[Stranger_Danger]

Craic, without trying to be smart here, if you are waiting for a dividend yield on this stock - perhaps you are holding the wrong stock. Maybe you should be holding RYM? Dividends will come in time, but to me, PEB is a red-hot growth stock - meaning yield over time.



RYM is yielding bugger all and is very expensive.

The fact you're quoting that as the safe, dividend yield alternative to PEB is yet another clue about how frothy this market is getting.

[biker]

Every stock is a dividend stock or a dud - the money you make trading in this one is pure luck and the fact that there are bigger mugs out there willing to pay over the odds to you . As to the rights issue as others have pointed out this is just a dilution - the same pie made into smaller pieces. I will now remain silent on this subject for a period of one year and concentrate on making my fortune from real investments.

Excellent idea. Good luck with that.

[False Profit]

Every stock is a dividend stock or a dud - the money you make trading in this one is pure luck and the fact that there are bigger mugs out there willing to pay over the odds to you . As to the rights issue as others have pointed out this is just a dilution - the same pie made into smaller pieces. I will now remain silent on this subject for a period of one year and concentrate on making my fortune from real investments.

Wow! Did someone run over your cat?

[okay]

Without needing a Cxbladder type test for investor "irritation", I can sense that with the rising $'s of investors in PEB so is becoming increased "sensitivity" to any comments of caution or question by some investors.

We all have a brain and we all have an ability to filter what we do and do not agree with on this forum. I have a "hear we go again" filter box which is getting quite full.

I for one like to hear all opinions and to have the opportunity to hear all of them regardless of whether I do or do not agree with them. There are not actually many naysayers at all on this thread. The fact that some are sensitive to the few of them and asking them to leave the thread highlights their sensitivity.

Blobbles Craic and anyone else has every right to offer his/her opinion of caution as anyone else is to say the price will hit $2 after the next announcement.

It is quite possible that PEB will carry on going up with more announcements round the corner. But as the market cap keeps on getting bigger Mr Market can at some stage also be expected to get less excited with each next announcement and start questioning when are the future sales that have been priced in going to eventuate.

PEB has made announcements in the past, here are a couple of examples:

Pacific Edge to ramp up European sales

Posted on May 24th, 2011

http://www.pacificedge.co.nz/news-and-media/news-archive/pacific-edge-to-ramp-up-european-sales/

We are still waiting on European sales 2 and a half years later, now they are expected to maybe begin 2014?

and


Pacific Edge sign agreement with Healthscope

NZPA | Monday March 28, 2011

http://www.scoop.co.nz/stories/BU1103/S00844/healthscope-to-market-pacific-edge-novel-diagnostic.htm

It's been over 2 and a half years and sales in Australia are also tepid at best.

Even in PEB's beloved home country NZ sales are only slowly rising.

So I do not think it unreasonable at all if someone wishes to make a cautionary remark about wanting to see more sales before the price races away to far even if it doesn't suit everyone to hear it.

Citizen arrest thank you for the feedback from your brother in law it is interesting to hear feedback from the coalface, and to the others for clarifying sensitivity and specificity, so CE can reask.

Cheers

[skid]

Dentie, and others, this is a share trading, dealing forum for people who, for one reason or another, want to make money or secure their future or whatever. I am an old man and I can play the game for fun or whatever. Ihave the house, the land, the car, the ute, the boat, all freehold and a wife of fifty years who is almost paid off and we both enjoy cracking good health. PEB will be successful when it starts putting money in the SHAREHOLDERS pockets at a higher rate than banks etc. At the moment, it is just another test for a disease that is less than common and the company is likely to use a significan part of any return they get to finance further research and so on. If you get any return within three years you will be lucky and I am aware of several other potential cancer cures under research around the world. If one of those comes into play then peb could be just another brick in the wall.

Craic--You can never pay your wife off--she will always shop LOL

[skid]

Citizen - Really appreciate you taking the time to post your contact's feedback.

I have to say however, 85% specificity doesn't mean the the test misses the presence of cancer 15% of the time. Specificity refers to false positives, so how often the test results conclude that the patient has cancer when in fact they are totally healthy. Although its mildly annoying, you're less likely to lose sleep if you've told someone they're sick when it turns out they're not, than the reverse.

It is sensitivity which refers to the true positive rate, of which, we know cxBladder is extremely accurate - cxbladder sees 100% of T1, T2, T3, Tis and greater than 95% of high grade tumours. (This is old news now!)

With this in mind, here's one specific opportunity I can see. From the article posted by Pacific Edge recently "American Urological Association call for both cystoscopy and upper urinary tract imaging for anyone older than 35 years with hematuria"(1) Yet evidence tells us that "About 9 out of 10 people with this cancer are over the age of 55, and the average age at the time of diagnosis is 73" (2) We also know that a history of smoking can increase the chances of bladder cancer, as can simply being male.

So if you had a 40 year old woman presenting hematuria with no history of smoking - there's an opportunity there to avoid the cystoscopy completely and use cxbladder to rule out the presence of bladder cancer. This would in my view negate the issue of the relatively 'low incidence of bladder cancer' raised by craic. I would have thought it is the number of people presenting blood in their urine that require the check that's important here, not necessarily the actual incidence of the cancer itself.

1. http://www.medscape.com/viewarticle/813239
2. http://www.cancer.org/cancer/bladdercancer/detailedguide/bladder-cancer-key-statistics

FINALLY someone has posted a medical response instead of an economic investment response to this post..

[Bjauck]

Every stock is a dividend stock or a dud...
At the end of the day I agree with craic. I am a holder of PEB share because I think they are on to a good thing. That their decisions increase their prospects of increasing company value. Because this good thing potentially will lead to their profitability and ultimately to their ability to be able to pay dividends whilst maintaining capital. Growth stocks must be able to achieve profitability at some point in the future. PEB has reduced its risk with each announcement, yet for me still is a speculative stock, just not as speculative as several months ago.

RYM is perhaps like PEB although several years on. It has yet to mature into a solely dividend investment.

[Minerbarejet]

Wow! Did someone run over your cat?that was schrodinger.
For anyone who may not understand please google: schrodingers cat

Now that you have had sufficient time for study,

Ok, is peb alive or dead?

[psychic]

Good points Okay, will appreciate response from others on the score of Euro/ nz/ aus sales.
I see the NZ & AU Urologists are having a get together at Waitangi later this week. PEB is a sponsor, has a stand, and gets to promote CXbladder on Thursday during a 15 minute slot. Damn I'd love access to that..
I do find it a little weird that this test isn't standard procedure here by now... What am I missing?

[winner69]

that was schrodinger.
For anyone who may not understand please google: schrodingers cat

Now that you have had sufficient time for study,

Ok, is peb alive or dead?

PEB travelling the world doing deals, Like the cat in Schrodingers Box we don’t know whether they will sell anything or not. PEB is both a success and failure at the same time. Its only when we see actual sales (ie the equivalent of looking in Schrondinger’s Box) that the superposition ceases to be and PEB is either a great success or an abject failure. The paradox is that observation (=measurement) affects the outcome, so the outcome doesn't exist until the measurement is made.

[blobbles]

Blobbles, what's up with you mate? So bullish on PEB and now so ante??
Hard to put much weight on someones comments when they appear so flippant and mercurial ;)


I was very bullish, but now I am not anti, I am being realistic. I am just illustrating the risks before we have sales. Nobody else seems to want to talk about it though, which I find disturbing.

Why do we have to be labelled as anti when we are simply stating facts? The facts are sales are low. We have no evidence to say sales are high.

I would suggest that people are getting a little carried away with potentials. This company has it in spades, but that does not mean it will be successful. I feel that the entire NZ stock market is getting fully if not over priced and a sentiment is beginning where peoples sensible PE ratios are getting out of whack with proper decision making, they are starting to pump things too high, we are getting away from fundamental valuations too much and talking about future potentials as if they are sureties. And now it feels like this is spilling over into euphoria for a product that has potential but no sales. I am trying to be the voice of reason here based on evidence, not potentials.

And I have sent GR8DAY a listing of all my trades (screenshots taken from Direct Broking), which illustrates all my trades and shows that I am still a holder of quite a few PEB shares. Again, this is evidence of my position, so claiming I "sold out and are waiting for a higher price" is inaccurate. Could it just be that I am aware of the risks that others are not wanting to talk about because they have sunk so much of their hopes and money into PEB? I suspect the latter is the case.

[baller18]

Blobbles, excellent points...

[Minerbarejet]

PEB travelling the world doing deals, Like the cat in Schrodingers Box we don’t know whether they will sell anything or not. PEB is both a success and failure at the same time. Its only when we see actual sales (ie the equivalent of looking in Schrondinger’s Box) that the superposition ceases to be and PEB is either a great success or an abject failure. The paradox is that observation (=measurement) affects the outcome, so the outcome doesn't exist until the measurement is made.
Yay finally!!!!!

[Minerbarejet]

I was very bullish, but now I am not anti, I am being realistic. I am just illustrating the risks before we have sales. Nobody else seems to want to talk about it though, which I find disturbing.

Why do we have to be labelled as anti when we are simply stating facts? The facts are sales are low. We have no evidence to say sales are high.

I would suggest that people are getting a little carried away with potentials. This company has it in spades, but that does not mean it will be successful. I feel that the entire NZ stock market is getting fully if not over priced and a sentiment is beginning where peoples sensible PE ratios are getting out of whack with proper decision making, they are starting to pump things too high, we are getting away from fundamental valuations too much and talking about future potentials as if they are sureties. And now it feels like this is spilling over into euphoria for a product that has potential but no sales. I am trying to be the voice of reason here based on evidence, not potentials.

And I have sent GR8DAY a listing of all my trades (screenshots taken from Direct Broking), which illustrates all my trades and shows that I am still a holder of quite a few PEB shares. Again, this is evidence of my position, so claiming I "sold out and are waiting for a higher price" is inaccurate. Could it just be that I am aware of the risks that others are not wanting to talk about because they have sunk so much of their hopes and money into PEB? I suspect the latter is the case.
You have no evidence to say they are low either.
If you want credibility on this thread I suggest you sell all your shares in PEB right now.
We all know there are risks as with every other share ever issued and dont really need to be reminded every second posting that there are dangers involved.
Do you really think you are the only poster to have thought of this?
I believe you are mistaken
Cheers
Miner

[Minerbarejet]

Well? You wanted to talk about it!:)

[Cricketfan]

You have no evidence to say they are low either.
If you want credibility on this thread I suggest you sell all your shares in PEB right now.
We all know there are risks as with every other share ever issued and dont really need to be reminded every second posting that there are dangers involved.
Do you really think you are the only poster to have thought of this?
I believe you are mistaken
Cheers
Miner

As a relative newbie to share trading (well, investing rather than trading) I appreciate the posts from blobbles that point out the 'obvious' risks. As long as they are facts or genuine opinions (rather than just trash talking a share) then it's good to have both pros and cons, no matter how obvious it may seem to the more experienced here. IMHO it seems blobbles posts were balanced and fair and I'd hate to see those types of posts suppressed.

[blobbles]

You have no evidence to say they are low either.
If you want credibility on this thread I suggest you sell all your shares in PEB right now.
We all know there are risks as with every other share ever issued and dont really need to be reminded every second posting that there are dangers involved.
Do you really think you are the only poster to have thought of this?
I believe you are mistaken
Cheers
Miner

I have said 4 comments in the last 10 pages that have been illustrating the risks of PEB. That is not "every second posting", it is every 25 postings.

If everyone else has thought of these risks, why do all I ever read from a lot of people is potential, potential, potential with no indication of the risks? That, I would suggest, is upward ramping. And with people clearly sinking a LOT of money into it, I feel that is quite likely.

I now notice that GR8DAY has modified his original post where he claimed that I was down ramping because I sold out and wanted to buy in at a lower level. I OWN this share. I don't want to see it die, but I don't want inexperienced investors to be throwing the kitchen sink at something that isn't a done deal.

If I keep having my integrity and intentions of posting reality and evidence pulled into question, I will leave sharetrader because its simply pointless having arguments that play the man and not the ball. Open and honest discussion is how we all win, once I see that disappear and replaced with hyperbolic ramping up or down, with people attacking others for having an opinion that might vary from their own or the majority of posters, it will probably encourage a lot of us to leave.

[MAC]

As a relative newbie to share trading (well, investing rather than trading) I appreciate the posts from blobbles that point out the 'obvious' risks. As long as they are facts or genuine opinions (rather than just trash talking a share) then it's good to have both pros and cons, no matter how obvious it may seem to the more experienced here. IMHO it seems blobbles posts were balanced and fair and I'd hate to see those types of posts suppressed.

A good place to go Cricketfan if you are looking for starter information on the risks is the FY13 annual report, PEB have acknowledged quite a lot actually in their own risk assessment.

As Minerbarejet suggests, every stock has its risks. With biotech stocks by far the greatest risks are in not passing clinical trials and not gaining the regulatory approvals which permit them to operate commercially, many biotech companies fail to do so and go nowhere at that point along with investors cash.

PEB have successfully now put these big risks and a lot more to bed in the past year, the forward risks are real but are more generic and in line with most businesses just starting to enter a new market.

[Minerbarejet]

I have said 4 comments in the last 10 pages that have been illustrating the risks of PEB. That is not "every second posting", it is every 25 postings.

If everyone else has thought of these risks, why do all I ever read from a lot of people is potential, potential, potential with no indication of the risks? That, I would suggest, is upward ramping. And with people clearly sinking a LOT of money into it, I feel that is quite likely.

I now notice that GR8DAY has modified his original post where he claimed that I was down ramping because I sold out and wanted to buy in at a lower level. I OWN this share. I don't want to see it die, but I don't want inexperienced investors to be throwing the kitchen sink at something that isn't a done deal.

If I keep having my integrity and intentions of posting reality and evidence pulled into question, I will leave sharetrader because its simply pointless having arguments that play the man and not the ball. Open and honest discussion is how we all win, once I see that disappear and replaced with hyperbolic ramping up or down, with people attacking others for having an opinion that might vary from their own or the majority of posters, it will probably encourage a lot of us to leave.Given that I am prone to slight exaggeration at times regarding bombardment levels, I apologise.
Potential is what this is all about, thats why you hear that
And if someone is upwardly ramping because they have their shirt on it and want to sell at a higher level- good luck.
If somebody is downwardly ramping because they know they are onto a good thing and want more - good luck.
And by the way we never actually own anything- we are merely temporary custodians.
You say you own this share - fine. Might I suggest you dont believe in it.

[Snow Leopard]

My father had bladder cancer and after the original successful treatment he has had a series of tests to check whether there has been a re occurrence. So far so good.
I can see that a specific test for bladder cancer is the very thing that is needed in these circumstances.

But...

If 1,000,000 people turn up at the doctors with blood in their wee-wees and only about 7% (68,800) will have bladder cancer then a specific test for it may possibly not be the way to go.

So you would know that the 70,000 probably have bladder cancer but you still need to find out whether the 930,000 have, or do not have, something else (there seems to be a reasonable number of other options).
So what tests do you have to administer to detect/eliminate them and do they also tell you whether bladder cancer is present?

I am wondering whether the market for this test is as big as I thought it was.
Is it going to be used as an 'occasional' confirmatory test rather than a 'generic' test.

What at the end of the day is the most cost-effective way (for insurance companies, health boards and the like it all comes down to value for money) of diagnosing the 1,000,000?

Best Wishes
Paper Tiger

[blobbles]

This is what I was getting at in a post a while back. I am concerned that if a doctor is going to give cystoscopy anyway, checking for the other causes of hematuria, will they still want to recommend CxBladder as an extra precaution? They definitely could do, as CxBladder has picked up cancers cystoscopy has not, but it's no sure thing. They may do both just to be sure or give the patient the option to do both tests also. I imagine most patients would want to be sure though so would go for both. Throw in the profit motives of the insurers and it murkies the water again (yes! Used twice now :) ) though. Regardless, it's not plainly clear how it will pan out...

[winner69]

My father had bladder cancer and after the original successful treatment he has had a series of tests to check whether there has been a re occurrence. So far so good.
I can see that a specific test for bladder cancer is the very thing that is needed in these circumstances.

But...

If 1,000,000 people turn up at the doctors ........
Paper Tiger

Hey PT .....if you going to be anti at least get the terminology right .....with PEB punters don't 'turn up' ....they present themselves.

OK

[winner69]

Hey Cricketfan

The Black Caps smashed 300 plus against the Bangas last night ....pretty good eh

Spouse you looking forward to the Ashes coming up as well

[Dentie]

Does anyone on this thread care to disclose whether they are (relative to PEB's terms of reference): Scientists, Professors, Physicians, Lecturers, Urologists etc??

I am staggered at (and respect) the level of research some posters have gone to in order to justify their buy, sell or hold positions. Just because we may "temporarily" own these shares (I agree with Miner that we are merely custodians), doesn't mean that we have to become as knowledgeable in the technical side of the business as the experts are that are already involved in the day to day side of this business. I believe a basic understanding is sufficient. We should just be trusting that the experts that have brought PEB this far know what they are doing. That is why they are there and it is their brilliance in their work that has got things to this point. I don't believe that the likes of Hancock's should have to keep researching to the technical level that he has (on a number of occasions - god bless his soul) in order to justify to others that PEB's wares are good enough.

For me, I just need to understand the basics of what they do and that they have a viable product and trust they are doing all the necessary steps to bring it to market. I do not need to understand what those big medical words mean (I can hardly spell them!) - that is why the PEB experts are there. As an investor I am more interested in the business and financial side of things, that the numbers stack up and that the positive announcements keep coming. PEB's publishings to date (incl the 2013 annual report) ticks those boxes for me.

I hope things keep progressing this week...and next ...and next...

[Dej]

Does anyone on this thread care to disclose whether they are (relative to PEB's terms of reference): Scientists, Professors, Physicians, Lecturers, Urologists etc??


Big part of my family worked in the as a doctor then in the pharmaceutical world in Australasia. I get most my advice RE PEB from them as they are unbiased now (they have since retired).

[Balance]

Big part of my family worked in the as a doctor then in the pharmaceutical world in Australasia. I get most my advice RE PEB from them as they are unbiased now (they have since retired).

Likewise, a wise semi-retied doctor is who I confer from time to time.

The doctor has bought and kept investing and topping up at every significant price dip over the last 3 years.

[GR8DAY]

Does anyone on this thread care to disclose whether they are (relative to PEB's terms of reference): Scientists, Professors, Physicians, Lecturers, Urologists etc??

I am staggered at (and respect) the level of research some posters have gone to in order to justify their buy, sell or hold positions. Just because we may "temporarily" own these shares (I agree with Miner that we are merely custodians), doesn't mean that we have to become as knowledgeable in the technical side of the business as the experts are that are already involved in the day to day side of this business. I believe a basic understanding is sufficient. We should just be trusting that the experts that have brought PEB this far know what they are doing. That is why they are there and it is their brilliance in their work that has got things to this point. I don't believe that the likes of Hancock's should have to keep researching to the technical level that he has (on a number of occasions - god bless his soul) in order to justify to others that PEB's wares are good enough.

For me, I just need to understand the basics of what they do and that they have a viable product and trust they are doing all the necessary steps to bring it to market. I do not need to understand what those big medical words mean (I can hardly spell them!) - that is why the PEB experts are there. As an investor I am more interested in the business and financial side of things, that the numbers stack up and that the positive announcements keep coming. PEB's publishings to date (incl the 2013 annual report) ticks those boxes for me.

I hope things keep progressing this week...and next ...and next...


..........yea/na but very well summarized Dentie. Agree to leaving the technical stuff to the experts (which we are NOT)......but all interesting stuff. On the other hand the business model of PEB looks close to perfect to me. A HUGE need established, a HUGE market established, HUGE medical insurance companys ready to support it and I believe HUGE profits available due to HUGE margins..........all equates to a HUGE future for PEB.....IMHO.

[Cricketfan]

Hey Cricketfan

The Black Caps smashed 300 plus against the Bangas last night ....pretty good eh

Spouse you looking forward to the Ashes coming up as well

Haha don't mention the Black Caps!!!

Yes Ashes should be good.... especially now England have the wood over Aussie (as do India).

[winner69]

..........yea/na but very well summarized Dentie. Agree to leaving the technical stuff to the experts (which we are NOT)......but all interesting stuff. On the other hand the business model of PEB looks close to perfect to me. A HUGE need established, a HUGE market established, HUGE medical insurance companys ready to support it and I believe HUGE profits available due to HUGE margins..........all equates to a HUGE future for PEB.....IMHO.

Nobody answered my query about Darling's record of commercialising science ...like making real money over time.

He driving this at PEB .......has he any successes in this area on his CV

Still interested to know

[Balance]

Agree with that, will PM you when I get the chance.

Bang on.

Keep up the good work - we all need constant reminders that investing in any stock (especially one like PEB) is no walk in the park.

[GR8DAY]

Nobody answered my query about Darling's record of commercialising science ...like making real money over time.

He driving this at PEB .......has he any successes in this area on his CV

Still interested to know

.........from where Im sitting WINNER it looks like he's done a mighty fine job (so far) in this regard. What MORE could he (and the team) have done? Do you really think it's only DD driving this now........doubt it!!

[AndyLP]

Thanks for your post Hancocks.

Both Buffett and Lynch tell us to invest in what we understand. Putting time into getting a grip of as much of the medical side as possible can only help us make more informed decisions.

That first link you provide from the Daily Mail, to me, adds to the argument that GPs seem to be circumventing bladder cancer checks, maybe partly because they don't want to put their patients through the ordeal of a cystoscopy unnecessarily.

The two quotes at the end from Dr Lyratzopolous are great -

1. "When a woman has blood in the urine without other symptoms straight away this should prompt further investigation, the same way it would a man. This would cut out up to a quarter of the delays straight away."

2. "Our focus should be to develop a test that can be used in GP surgeries."

Well - cxBladder has effectively solved this problem.

[Microsloth]

[QUOTE=winner69;438328]Nobody answered my query about Darling's record of commercialising science ...like making real money over time.

He driving this at PEB .......has he any successes in this area on his CV

Still interested to know[/QUOTE

Recalled the Fletcher tree connection from some interview I had heard and a google turned up

Graduating from Massey and Canterbury Universities in NZ, David Darling has gained considerable experience and success in the development of start-up companies/technologies through to commercialisation. Involved in the entrepreneurial development of biomedical devices/technology, nutraceuticals, herbal medicines, forestry and horticulture. David’s roles include the development and management of an integrated biotechnology and manufacturing operation, and intellectual property platforms/large patent portfolios. As a scientist and science manager, David also led the development and management of Fletcher Challenge Ltd’s tree breeding and biotechnology business, and was actively involved in the development and start-up of ArborGen, a USA-based biotechnology joint venture business between Rubicon and two North American forestry giants, International Paper and MeadWestVaco.
Joining Pacific Edge in 2003 David has led the company’s product development from R & D to commercialisation of its products. The novel molecular diagnostics provide a marked change in the ability to detect and manage cancer. Pacific Edge has launched Cxbladder® in New Zealand, Australia, Spain and expects to launch a dedicated service in the US in 2013.
David currently acts on the Board of Directors of Primepine, Ecotek, Ginzeng, Axel, Prognostic Systems, Pacific Edge Pty Ltd, Pacific Edge Diagnostics USA Ltd. He previously sat on the Board of Directors of GEENZ, Tasman Biotechnology, Trees and Technology, CAMCORE (USA) among others. David is a member of the Advisory Board for the Ministry of Science and Innovation (MSI) and a Director of Football South in Dunedin, NZ.

cut and paste from http://www.morgo.co.nz/

[geo]

I have said 4 comments in the last 10 pages that have been illustrating the risks of PEB. That is not "every second posting", it is every 25 postings.

If everyone else has thought of these risks, why do all I ever read from a lot of people is potential, potential, potential with no indication of the risks? That, I would suggest, is upward ramping. And with people clearly sinking a LOT of money into it, I feel that is quite likely.

I now notice that GR8DAY has modified his original post where he claimed that I was down ramping because I sold out and wanted to buy in at a lower level. I OWN this share. I don't want to see it die, but I don't want inexperienced investors to be throwing the kitchen sink at something that isn't a done deal.

If I keep having my integrity and intentions of posting reality and evidence pulled into question, I will leave sharetrader because its simply pointless having arguments that play the man and not the ball. Open and honest discussion is how we all win, once I see that disappear and replaced with hyperbolic ramping up or down, with people attacking others for having an opinion that might vary from their own or the majority of posters, it will probably encourage a lot of us to leave.

OHH Bobbles don't be so precious be the man not ball. Don't leave the forum we need posts like yours to make us think. I hav't agreed with most of what you post but I enjoy what you say.

[Dentie]

[QUOTE=winner69;438328]Nobody answered my query about Darling's record of commercialising science ...like making real money over time.

He driving this at PEB .......has he any successes in this area on his CV

Still interested to know[/QUOTE



Graduating from Massey and Canterbury Universities in NZ, David Darling has gained considerable experience and success in the development of start-up companies/technologies through to commercialisation. Involved in the entrepreneurial development of biomedical devices/technology, nutraceuticals, herbal medicines, forestry and horticulture. David’s roles include the development and management of an integrated biotechnology and manufacturing operation, and intellectual property platforms/large patent portfolios. As a scientist and science manager, David also led the development and management of Fletcher Challenge Ltd’s tree breeding and biotechnology business, and was actively involved in the development and start-up of ArborGen, a USA-based biotechnology joint venture business between Rubicon and two North American forestry giants, International Paper and MeadWestVaco.
Joining Pacific Edge in 2003 David has led the company’s product development from R & D to commercialisation of its products. The novel molecular diagnostics provide a marked change in the ability to detect and manage cancer. Pacific Edge has launched Cxbladder® in New Zealand, Australia, Spain and expects to launch a dedicated service in the US in 2013.
David currently acts on the Board of Directors of Primepine, Ecotek, Ginzeng, Axel, Prognostic Systems, Pacific Edge Pty Ltd, Pacific Edge Diagnostics USA Ltd. He previously sat on the Board of Directors of GEENZ, Tasman Biotechnology, Trees and Technology, CAMCORE (USA) among others. David is a member of the Advisory Board for the Ministry of Science and Innovation (MSI) and a Director of Football South in Dunedin, NZ.

cut and paste from http://www.morgo.co.nz/



Thanks Micro .....great piece of sleuthness on your part.

Another box ticked then ....

[MAC]

Healthscope have a summary brochure marketing cxbladder effectiveness over the competition, nice flyer;

http://www.healthscopepathology.com.au/index.php/advanced-pathology/cxbladder/brochure/

[Dentie]

Continuing volatility already ... 8 to 9c split ... all on good early volume

[Balance]

Continuing volatility already ... 8 to 9c split ... all on good early volume

Historically, rights issue result in price weakness until issue is absorbed.

No big hurry unless fear of an announcement!

[robbo24]

These shares are still "Cum Rights" so the rights are still attached to them for today's trading.

Get amongst it!

[CJ]

Healthscope have a summary brochure marketing cxbladder effectiveness over the competition, nice flyer;

http://www.healthscopepathology.com.au/index.php/advanced-pathology/cxbladder/brochure/Disappointing brochure - that graph should have been right at the top - it tells the patient all they need to know!

[Xerof]

Balance, is it still the same seller?

[Toasty]

Disappointing brochure - that graph should have been right at the top - it tells the patient all they need to know!

You are right, the graph was the clincher. I would suggest that the non invasive part is something that should be pushed as well. Surely the Star Trek style of diagnosing things by waving a wand at you or taking a sample is better than the alternative.

My one big fear of having some major illness is that a bunch of doctors will try to push large barbed probes into various orifices in my body. Having had a test done in my early years for something that I should have known better to avoid I can attest to the extreme discomfort of having something stuck in the end of my p...... The next couple of visits to the bathroom were like pissing glass shards.

Strangely enough the worst one in my imagination would be having the tube down the throat.

[Dentie]

You are right, the graph was the clincher. I would suggest that the non invasive part is something that should be pushed as well. Surely the Star Trek style of diagnosing things by waving a wand at you or taking a sample is better than the alternative.

My one big fear of having some major illness is that a bunch of doctors will try to push large barbed probes into various orifices in my body. Having had a test done in my early years for something that I should have known better to avoid I can attest to the extreme discomfort of having something stuck in the end of my p...... The next couple of visits to the bathroom were like pissing glass shards.

Strangely enough the worst one in my imagination would be having the tube down the throat.

Oh ... ouch Toasty!!

The price to pay is not always financial then!!

[Toasty]

Oh ... ouch Toasty!!

The price to pay is not always financial then!!

I know the focus is quite heavily on the financial benefit of having this type of test available and that is huge but you are right there are other aspects. The invasive tests are quite often painful or at best uncomfortable and quite degrading. I think there is a huge plus here in being able to diagnose things with a bit of dignity. Well, about as dignified as you can be pissing in a bottle.

[winner69]

[QUOTE=Microsloth;438338]



Thanks Micro .....great piece of sleuthness on your part.

Another box ticked then ....

Yes I had seen that CV as well

The question is still has he commercialised science into real returns ...like hundreds of millions of dollars as opposed to just bringing them market?

Hechk my head will be chopped off now and I wil be asked to leave this thread and go and join craic

[geo]

I sold 4% of my PEB holding the other week (@ $1.59) - equal to 26% net yield on my investment (the 4%). I will be using these funds to purchase my full rights entitlement. No bank (least of all my local bank) can give me a 26% net return on my investment - whilst, at the same time, giving me the right to increase my PEB holding by another 44,000 shares (at a 44% discount!).

Craic, without trying to be smart here, if you are waiting for a dividend yield on this stock - perhaps you are holding the wrong stock. Maybe you should be holding RYM? Dividends will come in time, but to me, PEB is a red-hot growth stock - meaning yield over time.

Again, by worrying about getting dividends out of the likes of PEB - this would actually be working against the best interests of the company. They need to retain their earnings to help fund their inevitable growth, not pay dividends until they are very well established and producing ongoing growing profits.

Hi Dentie VERY impressed with your holding you know when your on to a good thing.
Regarding dividends I recall DD when interviewed by a newspaper reporter this goes back a bit, when asked if the company would be paying dividends in 2014 he said no and the same breath walking away said 2015.

[Dentie]

Hi Dentie VERY impressed with your holding you know when your on to a good thing.
Regarding dividends I recall DD when interviewed by a newspaper reporter this goes back a bit, when asked if the company would be paying dividends in 2014 he said no and the same breath walking away said 2015.

Thanks Geo - certainly didn't disclose this to go "nah, nah, na... na...na" or whatever....and certainly not looking for accolades either!

Would have been happier not disclosing but just getting frustrated at Craic's comments - he didn't seem to be picking up on what I was trying to convey.

Am well aware of the risks with PEB - and if it all goes down the toilet then I'll simply go back washing dishes for the local cook house or whatever. Doesn't bother me to be honest.

If investors/traders in PEB can't afford to lose their dosh - then can I suggest they shouldn't be buying these shares.

[Dentie]

[QUOTE=Dentie;438341]

Yes I had seen that CV as well

The question is still has he commercialised science into real returns ...like hundreds of millions of dollars as opposed to just bringing them market?

Hechk my head will be chopped off now and I wil be asked to leave this thread and go and join craic


ha ha ha ... now don't you go all defensive on us Winner - enjoy your posts!

[Balance]

[QUOTE=Dentie;438341]

Yes I had seen that CV as well

The question is still has he commercialised science into real returns ...like hundreds of millions of dollars as opposed to just bringing them market?

Hechk my head will be chopped off now and I wil be asked to leave this thread and go and join craic

Good question.

Jury is out on DD but I think the directors of PEB understood DD's limitations and that's why you have a good management team, a Board and an Advisory Board with real depth and commercial experience in the US.

[Mista_Trix]

I am young, I have no dependents, it is in the 'high-risk' portion of my portfolio. While some other parts of my portfolio may seem boring in comparison, and have less possibility for growth, they also wont burn in flames in a heartbeat as well.

The younger less experienced ones (myself in this category) need to understand where this investment sits, and what their intentions are with it.

DISC: HOLD

[Bobcat.]

There is not a lot of demand for the head share today, which I find surprising given that they come with the right to purchase 2 for every 15 at the bargain-basement price of 55c.

As Rights start trading later this week, they will trade at a range of prices that will influence the head share price, moving it in tandem. There could well be better buying opportunities via the rights (e.g. purchasing at somewhere between 60 and 70c the right to purchase head shares at 55c).

BC

[Xerof]

Groundhog day Bob, seller fills the line all morning with 25k parcels, which are eagerly bought by the accumulator, then after lunch, seller ups the ante to 50k, 100k parcels and then gives the bids all afternoon.

should close below 124 today, if the pattern is to remain the same.

JMT's

dont forget tomorrow is ex rights, so heads will drop by ~11 cents

[goldfish]

Well i topped up with a few, couldnt resist, made my average price buy in look a bit worse lol but that will go back when i add the 55c shares

[clip]

In terms of the rights, will we be posted out a letter about it etc?

[ddrone]

Groundhog day Bob, seller fills the line all morning with 25k parcels, which are eagerly bought by the accumulator, then after lunch, seller ups the ante to 50k, 100k parcels and then gives the bids all afternoon.

should close below 124 today, if the pattern is to remain the same.

JMT's

dont forget tomorrow is ex rights, so heads will drop by ~11 cents

Let me get this straight, as a holder I can trade my rights from tomorrow (at a premium) but may also be able to buy (at a discount) rights to then fulfil new shares. Ie I could potentially buy a right (ie a share @55c) for 70c meaning that provided the SP stays above $1 after I am making an immediate 30c gain on every new share I bought via rights. I am getting this right?

[baller18]

Let me get this straight, as a holder I can trade my rights from tomorrow (at a premium) but may also be able to buy (at a discount) rights to then fulfil new shares. Ie I could potentially buy a right (ie a share @55c) for 70c meaning that provided the SP stays above $1 after I am making an immediate 30c gain on every new share I bought via rights. I am getting this right?
Are the rights automatically loaded in your portfolio??
I thought we just wait for the form to be send out then we fill in our details for the rights...

[Merc]

Seen today's Herald article on UK research into melanoma?
http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=11151311

Is this competition for the Pacific Edge test (currently in pre-clinical trials) or something different?

[ddrone]

Are the rights automatically loaded in your portfolio??
I thought we just wait for the form to be send out then we fill in our details for the rights...

My understanding is that is to exercise them but trading begins tomorrow?

[baller18]

My understanding is that is to exercise them but trading begins tomorrow?
PEB deals with link services, so you should have your rights allocated to you under your CSN number if you want to trade them.

[ddrone]

PEB deals with link services, so you should have your rights allocated to you under your CSN number if you want to trade them.

Right but can we trade prior to "buying" them? This part of it doesn't make a whole lot of sense to me.

[baller18]

Right but can we trade prior to "buying" them? This part of it doesn't make a whole lot of sense to me.
Yes, you can trade prior to buying them. Once you trade them away, you will have to buy someone else's rights..

[clip]

How would one trade the rights.. would they appear in our link/asb/db portal? I don't fully understand how we 'access' them if that's a valid term

[Xerof]

Clip - yes, you will get mail

ddrone - no free lunch. You can sell your rights, but the value of your headshares will drop by about 2/15's in theory. If you buy someone elses rights for 70 c, you will also have to pay another 55c to settle (seller gets the 70, PEB gets the 55, you get headshares eventually)

baller - they will be registered in your name at Link Market Services


yes, you can 'trade' the rights if you think you know what you are doing. Somehow doubt it, judging by all the questions at 11th hour

[clip]

Good answers to a few questions, thanks xerof :)

[Bobcat.]

ddrone.
You either sell your rights (automatically assigned shareholders tomorrow) at the market price, or purchase more at the market price, or both, or do nothing.

Later, you either exercise your 'right' to purchase more head shares at 55c and increase your CSN holding, or not (i.e. let them lapse, which would be crazy).

That is, if you are a current shareholder and don't wish to buy more at 55c then sell your rights during their trading window this week and next.

BC

[ddrone]

ddrone.
You either sell your rights (automatically assigned shareholders tomorrow) at the market price, or purchase more at the market price, or both, or do nothing.

Later, you either exercise your 'right' to purchase more head shares at 55c and increase your CSN holding, or not (i.e. let them lapse, which would be crazy).

That is, if you are a current shareholder and don't wish to buy more at 55c then sell your rights during their trading window this week and next.

BC

Ok, so effectively whilst I haven't paid for them I am selling at "right to buy @ 55c" hence never have to purchase them in the first place correct? Can you also explain how this works for timing, ie if I sell some of my shares during this time and have traded rights does this have any impact or is it all based on holding as of right now?

[MAC]

There is not a lot of demand for the head share today, which I find surprising given that they come with the right to purchase 2 for every 15 at the bargain-basement price of 55c.

As Rights start trading later this week, they will trade at a range of prices that will influence the head share price, moving it in tandem. There could well be better buying opportunities via the rights (e.g. purchasing at somewhere between 60 and 70c the right to purchase head shares at 55c).

BC

For clarity, please correct me if I’m wrong;

If you tomorrow purchased one ‘right’ for let’s say 60c, you must then exercise that right, prior to 27th November 2013, by paying another 55c, you will then ultimately have one PEB share for which you will have paid $1.15 in total.

[CJ]

Ok, so effectively whilst I haven't paid for them I am selling at "right to buy @ 55c" hence never have to purchase them in the first place correct? Can you also explain how this works for timing, ie if I sell some of my shares during this time and have traded rights does this have any impact or is it all based on holding as of right now?
The number of rights you are entitled to is determined tonight. After that, you can sell or buy all you want and the number of rights is not impacted.

Those that buy rights also have to pay the 55c which when added together, should theoretically = the share price of PEB.

[GR8DAY]

DDrone.........correct. You will automatically be granted those rights based on your holding as at closing today. Tomorrow you can do with them as you wish....hold and convert to head shares, sell the rights or do nothing (dumb). You can sell your head shares you currently own at anytime (from tomorrow) and you will still retain the rights to do what you want with. Whoever buys your righs will have to pay the 55c to convert to head shares...OR........trade them themselves for a profit........ maybe??

[Jay]

Correct Mac, from my limited knowledge!

[winner69]

Those that buy rights also have to pay the 55c which when added together, should theoretically = the share price of PEB.

Punters forget about ths little detail eh

Just remember this applies to some of you who want to buy rights ...you frontbupwith market price plus the 55 cents

But some special people have special arrangements don't they?

[JohnnyTheHorse]

Any predictions for the price tomorrow? I would have thought that leading up to rights the price would have jumped, but looks like some solid selling pressure. That selling pressure will become a lot greater tomorrow as it goes ex-rights. I'll have the wallet out at around $1.

[clip]

^Tempted to sell some and try pick up a few more tomorrow if/when the price drops.. risky though. On that note, has ASB securities just gone down for anyone else?
/edit seems to be working, kindof, just veeeeeryyy sloooooowllyyy

[Balance]

Any predictions for the price tomorrow? I would have thought that leading up to rights the price would have jumped, but looks like some solid selling pressure. That selling pressure will become a lot greater tomorrow as it goes ex-rights. I'll have the wallet out at around $1.

There will be many who will sell to pick up their rights.

[skid]

That theory of shares tailing off at the end of the day seems to have some merit

[MAC]

Any predictions for the price tomorrow? I would have thought that leading up to rights the price would have jumped, but looks like some solid selling pressure. That selling pressure will become a lot greater tomorrow as it goes ex-rights. I'll have the wallet out at around $1.

There was good turnover again today, I can't really see the rights trading much below the market.

A 2/15 dilution from $1.25 is $1.08, but why not, if it does go as low as $1 it would represent a 8% discount from today's value.

[skid]

has anyone ever seen a right issue so heavily discounted before?

And what is the reasoning behind it? There seems to be relatively good interest in this co.

Doesnt seem like they would need to discount so heavily unless this was all figured a while back

[Xerof]

I earlier incorrectly stated that ineligible shareholders' rights would be put into the Oversubscription Facility. They won't be, a nominee is appointed to act on their behalf, and they will be offered out via the rights trading window, so this leaves IMO, the number of rights available through the Oversubscription Facility as tiny (it's only those who do nothing, which is dumber than dumb)

I was going to make an effort to get more than my entitlement, but now don't think it's worth the effort. e.g. if any of the top 5 shareholders bid for a decent number, by pro-rata, they take the vast majority, eh winner.........

[Slam dunk]

And what is the reasoning behind it? There seems to be relatively good interest in this co.

Doesnt seem like they would need to discount so heavily unless this was all figured a while back

These things don't get figured out overnight, and David Darling said the offer was "carefully priced for our shareholders to make sure they get the upside".

[Wolf]

^Tempted to sell some and try pick up a few more tomorrow if/when the price drops.. risky though. On that note, has ASB securities just gone down for anyone else?
/edit seems to be working, kindof, just veeeeeryyy sloooooowllyyy

ASB isn't working at all for me at the moment.. Hope ASB sorts it out i was planning buying HNZ at closing.
Is anyone buying more PEB shares?

[hilskin]

ASB working now

[ddrone]

I just spoke to a broker who indicated that prospectus is misleading, trading dates for rights would Friday as the Record Date is Thursday. Tomorrow is final day to included for the rights offer. I guess the rights may list tomorrow but there would be trading until Friday as they have not yet been allocated.

[CJ]

And what is the reasoning behind it? There seems to be relatively good interest in this co.

Doesnt seem like they would need to discount so heavily unless this was all figured a while back


These things don't get figured out overnight, and David Darling said the offer was "carefully priced for our shareholders to make sure they get the upside".It was based on a small discount to the VWAP for a set period. Straight after that period, the SP rocketed. So the price setting was normal, the SP rocketing was not.

[robbo24]

I just spoke to a broker who indicated that prospectus is misleading, trading dates for rights would Friday as the Record Date is Thursday. Tomorrow is final day to included for the rights offer. I guess the rights may list tomorrow but there would be trading until Friday as they have not yet been allocated.

Are you sure trading of rights continues into tomorrow?

I have read through the amended Simplified Disclosure Prospectus for the PEB rights issue (https://www.nzx.com/files/attachments/184062.pdf).

From the Prospectus, it occurs to me that 4 November 2013 would be the day before the shares are quoted ex-entitlement on 5 November 2013, as shown on page 7 of the Prospectus.

The NZX listing rules define ex-dates as 2 trading days before the record date.

Does this not mean that today was the last day?

[Mista_Trix]

Another half a million shares gone through off market after close.


$1.22
561,882
17:00

SP

[Snow Leopard]

I just spoke to a broker who indicated that prospectus is misleading, trading dates for rights would Friday as the Record Date is Thursday. Tomorrow is final day to included for the rights offer. I guess the rights may list tomorrow but there would be trading until Friday as they have not yet been allocated.

Your broker seems to have less idea than even you do...
Or perhaps you misunderstood him?

Best Wishes
Paper Tiger

[Xerof]

Does this not mean that today was the last day?

Today was last day of trading these shares CUM RIGHTS. Tomorrow they will trade EX RIGHTS, and the rights themselves will trade under ticker PEBRC. Prospectus says rights trading from tomorrow, so I will expect to see it listed tomorrow, unless told otherwise by the NZX or Company


and yes, it is groundhog day again. 1.22 close

[Snow Leopard]

Let us assume that todays close is the right price for the company and thus the shares with the rights entitlement.

So your 15 shares becomes 17 shares if you pay the extra $1.10

15 * $1.22 + 2 * $0.55 = 17 * P

P = $1.141176

Your head shares are now worth $1.14 and the rights should sell at $0.59 ($1.14-$0.55)

Best Wishes
Paper Tiger

[ddrone]

Your broker seems to have less idea than even you do...
Or perhaps you misunderstood him?

Best Wishes
Paper Tiger

Yes and yes, I stand corrected.

[Citizen Erased]

I received a response from my brother-in-law to the points raised after my last post in this thread.


Just some observations about the comments:

Specificity refers to true negatives I believe - it's the test being accurate when it says negative, i.e. the patient does NOT have the disease. I hate statistics and always did poorly in it...so i could well be wrong.

40 y.o. old non-smoker lady presenting with a haematuria is not clear enough - but certainly would need to be worked up as per usual protocol. Doing a cystoscopy is a but further down the investigations list depending on what the initial tests show. I still don't think there is a place for Cxbladder in this case... but I could be proven wrong in the future.

As for the clinical trials, I have not read it, so can't really provide any reliable comment.

What the company is worth is up to the bean counters and other people who want to invest in it to work out. As for me, too many things are calling for my attention so can't really answer that question. Based on the limited stats I looked at, e.g. P/E, earnings and previous performance - I still think it's risky. But you already know that from the fact it is a biotech. Who knows, it might shoot up! Like cochlear, etc....

[apac]

So does ex rights tomorrow mean even if I sell shares tomorrow I am still entitled to buy 2/15 of shares I own today?

say if I own 15 shares today and I sell all 15 tomorrow, can I still buy 2 shares at .55 with the rights?

also sorry about the ignorance, how to I redeem the rights and buy the shares?

[robbo24]

So does ex rights tomorrow mean even if I sell shares tomorrow I am still entitled to buy 2/15 of shares I own today?

say if I own 15 shares today and I sell all 15 tomorrow, can I still buy 2 shares at .55 with the rights?

also sorry about the ignorance, how to I redeem the rights and buy the shares?

Read the prospectus

[janner]

So does ex rights tomorrow mean even if I sell shares tomorrow I am still entitled to buy 2/15 of shares I own today?

say if I own 15 shares today and I sell all 15 tomorrow, can I still buy 2 shares at .55 with the rights?

also sorry about the ignorance, how to I redeem the rights and buy the shares?

Basic.. You need the money.. Sell..

You don't.. Wait and pay up..

[False Profit]

My Direct Broking account has set up PEBRC in my portfolio and the amount of shares I'm eligible for. I'm assuming it's the same for those of you with ASB. That should clarify the position, somewhat, for us junior members.

[cammo]

now that's cool. shows my entitlement qty even!

[Balance]

So does ex rights tomorrow mean even if I sell shares tomorrow I am still entitled to buy 2/15 of shares I own today?

say if I own 15 shares today and I sell all 15 tomorrow, can I still buy 2 shares at .55 with the rights?

also sorry about the ignorance, how to I redeem the rights and buy the shares?

Yes, u can still buy 2 shares at 55c.

U fill in application form in prospectus and send in with money.

[chad321]

I don't see anything in my ASB securities account. We are supposed to receive a letter in the mail in regard to this later on in November? Worried I will somehow miss out due to not knowing some important information.

[Slowlearna]

My Direct Broking account has set up PEBRC in my portfolio and the amount of shares I'm eligible for. I'm assuming it's the same for those of you with ASB. That should clarify the position, somewhat, for us junior members.

I Hope ASB sort this before trading starts still no sign of PEBRC

[zymwh]

I see my rights on my anz account. Perhaps because I have hold my share for a long time and did not sell or buy recently so its easier to calculate mine first?

[QOH]

"PEBRC" is the code for the rights, if anyone hasn't discovered it yet.

[Longhaul]

I don't see anything in my ASB securities account. We are supposed to receive a letter in the mail in regard to this later on in November? Worried I will somehow miss out due to not knowing some important information.

In the same boat Chad, no sign in ASB and no letter received. I guess it will appear in the next few days.

[AndyLP]

I received a response from my brother-in-law to the points raised after my last post in this thread.


Thanks again Citizen -

Yep looking at specificity as true negatives is at least partially right. cxBladder will report true negatives (when there is no cancer, and the test gets it correct) 85% of the time. The confusion arises as to what the test is reporting for the other 15% of results.

We tend to think its going to report false negatives (patient is sick but test misses it) But in fact the other 15% are false positives. (no cancer, but test reports there is)

If anyone wants clarification they can look at the math here.
http://en.wikipedia.org/wiki/Specificity_(statistics)

With specificity always remember the bold type first:
Given that the patient is well, tell us the probability that the test gets it right.



Anyways - interesting to know he doesn't think there was a place for it in my scenario. I wonder where the DHBs see it fitting in.

Cheers

[Merc]

They are listed on the NZX site with an opening price of $0.591

https://www.nzx.com/markets/NZSX/securities/PEBRC

[clip]

Hmm not showing in ASB at all, wierd. ahh well

[MAC]

They are listed on the NZX site with an opening price of $0.591

They are listed on ASB also, but like IPO's on the first day, you must type in PEBRC manually and select the NZX market manually. Not sure why ASB do this every time .......

[clip]

^cheers - didn't realise you had to put the market in as well, was just putting PEBRC and hitting go :D

[BigBob]

Hmm not showing in ASB at all, wierd. ahh well

Just add them manually and you will still be able to trade them... If you don't know how many you have got, you should be able to do a shareholder balance enquiry on nzx.com as long as you have your csn....

[tosspot]

with asb securities just type in PEBRC then you have to change the little box next to it to NZX aswell and search and your allocation will be there as it allowed me to place an or for 2/15th of my share even though its not in my automated portfolio.

On another note depth for head shares look good. Opening way back up to 1.25 at the rate meaning no initial dilution