PEB - Pacific Edge Ltd

[Leftfield]

mmmmmmm...... hardly inspiring? Not a good look. We need much more info' IMHO. Cap Raise next??

(Disc - Not holding......thanks to Balance who it looks like was right all along)

Y17 Cashflow Statement Reclassification
Pacific Edge Limited wishes to advise of a classification change within the FY17 Statement of Cash Flows on page 36 of the Pacific Edge Limited 2017 Annual Report. The net effect of the reclassification on Net Cash Flows to Operating Activities is nil. The reclassification of expenses impacts the line items of "Receipts from Customers and Grant Providers" and "Payments to Suppliers and Employees". Each line item was incorrectly overstated by $3,247,945 and the corrected numbers are outlined in the attached documents.
The Board wishes to emphasise that this reclassification of expenses has no impact on the underlying trading results or cash position of Pacific Edge Limited.

[winner69]

Probably the bad debts provision confused them ha ha

When the money is actually paid it may confuse them even more ...so think it through a bit harder next time.

[Balance]

http://www.asx.com.au/asxpdf/20170901/pdf/43m00k0gh85447.pdf

Interesting to track progress of Sienna vs PEB now that SDX is a public listed company - has not set the world on fire and market cap is only A$24m vs PEB's NZ$188m.

Maybe SDX should appoint DD as CEO in charge of PR and capital raising?

[Balance]

https://www.odt.co.nz/business/pacific-edge-100m-forecast

Back to the glory days of $100m sales forecast and PEB being a juicy morsel which 'will be scooped up' in time by big pharmaceutical companies.

Not to forget the immortal phrase 'several tens of thousands of tests' in 2014!

No wonder the sp went bersek!

[pierre]

Tick tick tick .... $4.1m or 3 months left in the bank to carry PEB to its transformative future.

Share price weakening so can you hear the begging bowl going around the institutions as it must be capital raising time, folks.

Question is - at what price? The underwriters must be pondering a 1 for 2 at 20c?

https://www.odt.co.nz/business/sales-boost-marred-record-loss

It's September 2017.

Cash burn at $1.75m a month = $10.5m gone by now of the $14.6m left in the kitty at 31 March 2017.

Amazing this company still has a market cap of $180m!

From the ODT story:

"In the last financial year, Pacific Edge booked its largest annual loss, $6.94 million, since listing on the stock exchange in 2003, but as of yesterday retained about $10 million in the bank, which would cover operations for the coming year."

Perhaps things aren't quite as negative as you think Balance - or maybe it's time to take your abacus in for a tune-up!

[blackcap]

From the ODT story:

"In the last financial year, Pacific Edge booked its largest annual loss, $6.94 million, since listing on the stock exchange in 2003, but as of yesterday retained about $10 million in the bank, which would cover operations for the coming year."

Perhaps things aren't quite as negative as you think Balance - or maybe it's time to take your abacus in for a tune-up!

The article you mention was dated 23 August 2013.

[Balance]

From the ODT story:

"In the last financial year, Pacific Edge booked its largest annual loss, $6.94 million, since listing on the stock exchange in 2003, but as of yesterday retained about $10 million in the bank, which would cover operations for the coming year."

Perhaps things aren't quite as negative as you think Balance - or maybe it's time to take your abacus in for a tune-up!

PEB's track record of utterances suggest you will be sorely disappointed if you take their words to base investment decisions on!

[Balance]

Looking like 2 big sellers now competing to get out. The 80k to buy at 72c has been taken out.

Let's do a brief review of what PEB is aiming to achieve in the absence of one from PEB so far this year.

http://www.nbr.co.nz/article/pacifics-edges-100m-american-dream-dw-130949

Excerpt : "Mr Darling says Pacific Edge is expected to be "cashflow positive" in the US within two years. And it isn't expecting to go back to shareholders unless there is a pressing need to set up a lab in another country".

That was October 2012 - and PEB went back to shareholders exactly a year later for $20.5m in new capital. Definitely not in line with expectations!

Cashflow positive in the US within 2 years? Anyone prepared to take bets on this one?

Do I sense that PEB is busy in the background getting its story ready for the next capital raising? You betcha.

Posted way back in February 2015 ......

Developments :

May 2015 - PEB announced capital raising - $35m at 61c.

Feb 2017 - PEB announced yet another capital raise of $8m after $$$ raised in May 2015 ran out.

I READ THIS COMPANY LIKE A BADLY WRITTEN BOOK, I daresay.

[Balance]

The article you mention was dated 23 August 2013.

Sobering, isn't it?

:D

[pierre]

The article you mention was dated 23 August 2013.
https://www.sharetrader.co.nz/images/icons/icon1.png
https://www.odt.co.nz/business/pacif...-100m-forecast (https://www.odt.co.nz/business/pacific-edge-100m-forecast)



It's actually dated 2 Oct 2017.

[blackcap]

https://www.sharetrader.co.nz/images/icons/icon1.png
https://www.odt.co.nz/business/pacif...-100m-forecast (https://www.odt.co.nz/business/pacific-edge-100m-forecast)



It's actually dated 2 Oct 2017.

Yes but the article you used for your figures is from 23 August 2013

Friday, 23 August 2013
Pacific Edge $100m forecast

"The US remained ''the company's focus for 2014'', chief executive David Darling said, sales there having been allowed to start from July 1 after the granting of strict regulatory authority.

In the last financial year, Pacific Edge booked its largest annual loss, $6.94 million, since listing on the stock exchange in 2003, but as of yesterday retained about $10 million in the bank, which would cover operations for the coming year."

[pierre]

https://www.sharetrader.co.nz/images/icons/icon1.png


https://www.odt.co.nz/business/pacif...-100m-forecast (https://www.odt.co.nz/business/pacific-edge-100m-forecast)



It's actually dated 2 Oct 2017.

Sorry - confusion - the ODT page heading is Oct 2 2017.

[Balance]

http://www.voxy.co.nz/national/5/294664

Congratulations are in order indeed.

Well done, Professor Parry Guilford!

[Balance]

http://www.onclive.com/conference-coverage/bladdr-2017/new-bladder-cancer-monitor-allows-noninvasive-routine-surveillance-of-nmibc

https://www.zacks.com/stock/news/233964/cepheid-commercial-launch-of-xpert-bladder-cancer-monitor

The research, development and launch of new tests continue.

[silu]

Oh dear oh dear. Rights Issue at 32c.

[winner69]

Oh dear oh dear. Rights Issue at 32c.

Cheap eh

Best ploy might be not to take them up and hope they get more than 32 cents in the book build of the leftovers and get a few dollars bonus ....could call it a dividend

[silu]

Selling this for a small(ish) loss in 2013 was one of the best decisions ever.

[winner69]

So cash flow breakeven is now targeted as 'soon as possible'

Good that no promise made ...but did seduce you with a during financial year 2019 hint.

Poor t_j - everybody seems to want his spare cash


i gave them some cash once. Paid 60 cents something and the share price went to $1.20 something the next day when some big deal was announced. Still working on that deal I think

[winner69]

Raising $21m is a bit ominous

Sort of suggests cash flow positive 'as soon as possible' isn't as soon as most people's interpretation of ASAP

Also suggests they not confident of transformational deals producing much cash in the foreseeable future

[winner69]

So this will take total capital raised over the years to more than $130m

Pretty incredible eh

But then that's the beauty of capital markets - the ability to raise cash to do innovative things and make zillions

[trader_jackson]

Well all I can say is at least they have some forecast and numbers with this cap raise - then again we all know they wouldn't got it underway if they didn't. (Still not a cap raise in the single digit cent range, like some have been saying would be the case for quite a while)

So I'm not angry, but disapointed... I may take part (you are right winner - and I still don't know my allocation from TRA SPP yet!)

[Balance]

$14.6m cash as at 31 March 2017 - so probably around $10m left given cash burn of around $1.5m a month.

Probably start panicking around October 2017 if one of the 'transformative' customers does not sign by then to convince the last of the believers to stump up with more cash?

Exactly as predicted.

No surprises with this company and with the way its CEO and directors take the market for a ride.

[Balance]

Cheap eh

Best ploy might be not to take them up and hope they get more than 32 cents in the book build of the leftovers and get a few dollars bonus ....could call it a dividend

Very very bad sign of how the sub-underwriters are standing back from putting up their hands this time to fund the desperate capital raise imo.

FNZC would have worked out the scenarios and know that if the rights are freely traded, the sp will go down to 32.1c as shareholders bail out.

So best to keep the exit door shut, support the sp and all the way to 35c, and then try to suck in some new institutions with 'it is going to happen this time!'.

If FNZC is not charging $1.5m to $2.0m to support this capital raise, it will be a huge surprise!

[When the bass drops]

Very very bad sign of how the sub-underwriters are standing back from putting up their hands this time to fund the desperate capital raise imo.

FNZC would have worked out the scenarios and know that if the rights are freely traded, the sp will go down to 32.1c as shareholders bail out.

So best to keep the exit door shut, support the sp and all the way to 35c, and then try to suck in some new institutions with 'it is going to happen this time!'.

If FNZC is not charging $1.5m to $2.0m to support this capital raise, it will be a huge surprise!


With all due respect Balance, unless you're a key insto or know a key insto of this stock then you don't know the reason why this rights issue has come about. If one doesn't in this case, then one can only flutter their own spin.

[drcjp]

glad i got out early this am
36c by end of day imo
good riddance to bad management

[blackcap]

With all due respect Balance, unless you're a key insto or know a key insto of this stock then you don't know the reason why this rights issue has come about. If one doesn't in this case, then one can only flutter their own spin.

Pretty simple, the rights issue has come about because PEB is nearly out of operating cash. No need to know an insto for that fact, just read the Annual Report.

[blackcap]

So best to keep the exit door shut, support the sp and all the way to 35c, and then try to suck in some new institutions with 'it is going to happen this time!'.

!

Well called, although looks like you are out by 1 cent. The bids at 36 for 300k are I think the fearful underwriters wondering if 32 is low enough.

[Beagle]

Very very bad sign of how the sub-underwriters are standing back from putting up their hands this time to fund the desperate capital raise imo.

FNZC would have worked out the scenarios and know that if the rights are freely traded, the sp will go down to 32.1c as shareholders bail out.

So best to keep the exit door shut, support the sp and all the way to 35c, and then try to suck in some new institutions with 'it is going to happen this time!'.

If FNZC is not charging $1.5m to $2.0m to support this capital raise, it will be a huge surprise!

Well said mate.


Well called, although looks like you are out by 1 cent. The bids at 36 for 300k are I think the fearful underwriters wondering if 32 is low enough.
I wouldn't mind having a bob or two that the usual force majeure clause has been especially re-written for this underwrite.

If people are silly enough to believe they will finally break even this time, (wait we really mean it this time)..(its too early for a Tui yet) then I doubt any of the sage and wise old heads on here would be able to convince them otherwise so I will simply wish them good luck.

[Balance]

With all due respect Balance, unless you're a key insto or know a key insto of this stock then you don't know the reason why this rights issue has come about. If one doesn't in this case, then one can only flutter their own spin.


Haha - entirely predictable.

Feel sorry for all the shareholders and believers - this is one entirely predictable untrustworthy company.

Several tens of thousands of tests in 2014, anyone?

[Schrodinger]

I did not see this coming *sigh =)

Pro tip: dont not put a cent down until you have access to actual lab throughput preferrably on a mbm basis.

Current valuation is too high. Only invest sub 20c.

[Balance]

I did not see this coming *sigh =)

Just don't be there for the next one!

[Schrodinger]

i was being sarcastic B ..!

[Leftfield]

Just wanted to say.....

Balance, you called it right when many were saying you were wrong.

I'm glad I listened to you.

[Schrodinger]

I am expecting a few brokers to jump on here and push the she will be right angle under various aliases. Also note that they are expecting to break even in 2019 so they will be burning for at least another year. How can a company be worth $175M when it is technically insolvent.

I would expect another raise in late 2018 based on what I cane see.

[Snow Leopard]

Haha - entirely predictable.

Feel sorry for all the shareholders and believers - this is one entirely predictable untrustworthy company.

Several tens of thousands of tests in 2014, anyone?

2019, definitely estimated for 2019 :p.

Struggling with Page 13

Best Wishes
Paper Tiger

[t.rexjr]

Is this the end? I hope not but not sure why you’d go anywhere near it now...

[Balance]

i was being sarcastic B ..!

I know - was reinforcing the point!

[winner69]

2019, definitely estimated for 2019 :p.

Struggling with Page 13

Best Wishes
Paper Tiger

Big difference between accrued revenue and expected cash receipts eh

And if price per test is 20% less than expected most of that goes as per Page 14

Seems a lot of hope we eventually get paid for these tens of thousands of tests.

[Balance]

Big difference between accrued revenue and expected cash receipts eh

And if price per test is 20% less than expected most of that goes as per Page 14

Seems a lot of hope we eventually get paid for these tens of thousands of tests.

https://www.odt.co.nz/business/pacific-edge-strategy-succeeding-meeting-told

Only 72% below target of $100m!

Fat lady has just appeared on the stage.

[blackcap]

Some serious action happening at 36 cents.

I do not like page 13 of that investor update/briefing. Looks like they are not being paid for "sales".

[percy]

https://www.odt.co.nz/business/pacific-edge-strategy-succeeding-meeting-told

Only 72% below target of $100m!

Fat lady has just appeared on the stage.

OMG.
I am not looking if she is going to do a PEB test.!

[RGR367]

PHEW! I'm out but that is some speculative pocket money down the drain again. Sure glad i still got ATM to recover some serious money from and hoping that my other speculative BLT* is a different beast from this cockroach.



* OHE is my other gut feel speculation :(

[hardt]

Awfully grim response as this capital raising was an inevitability.

Lots of minor holders selling down, few bigger bids coming online.

In at 36c to help the spooked get rid of their dog...

[blackcap]

Awfully grim response as this capital raising was an inevitability.

Lots of minor holders selling down, few bigger bids coming online.

In at 36c to help the spooked get rid of their dog...

The capital raising was an inevitability. What was not was that PEB are now only forecasting cash flow positive or neutral in 2019. That is a huge setback, and then to see those "sales" not be converted to cash must be a shock for a few as well. No good having sales if the money is not being received. At the end of the day it is only about cashflow and nothing else.

[whatsup]

I don't think that I will pay up until I see the colour of the instos eyes, until the next S Her update comes through, better to pay a little more that to be left high and dry, I still remember some of the original seed investors selling down after the famous Dr D's $100 mil interview all those years ago, and didn't really take too much notice, should have and could have, the rich can never have too much money, a sign for all to see, silly me . !

[hardt]

The capital raising was an inevitability. What was not was that PEB are now only forecasting cash flow positive or neutral in 2019. That is a huge setback, and then to see those "sales" not be converted to cash must be a shock for a few as well. No good having sales if the money is not being received. At the end of the day it is only about cashflow and nothing else.

We all saw trade receivables minus written off debts amounting to 50% of revenues many months ago...

Had to have been rather "optimistic" to believe a 17.8m deficit in cash flow was going to magically disappear over the next 12 months.

It was and still is solely riding on a breakthrough in the US... Risk adjusted of course ( 0.8% portfolio )

[Balance]

Awfully grim response as this capital raising was an inevitability.

Lots of minor holders selling down, few bigger bids coming online.

In at 36c to help the spooked get rid of their dog...

Haha - guess that's what they are doing - selling A DOG - those who were/are 'spooked' into selling at 55c, 50c, and 45c and now, 36c.

3.865m shares sold today - underwriter is starting to get worried but imo, we will see 32.5c when the shares go ex-rights as there will be plenty who will pick up their rights 32c but sell on market at above 32c to fund this most untrustworthy of companies.

Then, we will see them ask why they want to throw good money back - so they invest elsewhere.

Underwriter is going to suck on this one.

[cammo]

Jumped out at 50 a month or two ago smelling the CR imminent. Will buy back in again once more time has elapsed and try to catch the silly ride on signing KP. Can't be unhappy as these guys got me into the share market in 2011.

[Balance]

Jumped out at 50 a month or two ago smelling the CR imminent. Will buy back in again once more time has elapsed and try to catch the silly ride on signing KP. Can't be unhappy as these guys got me into the share market in 2011.

Good on you.

Would have been more rewarding if you had sold like DD, Swann and Masfens in 2014 after all the wildly bullish and rampant statements made by the company and its people?

[Beagle]

Good on you.

Would have been more rewarding if you had sold like DD, Swann and Masfens in 2014 after all the wildly bullish and rampant statements made by the company and its people?

If it didn't cost such incredible sums of money to get redress through the legal system then I think shareholders would have looked seriously as to whether some / all of what was said was actionable. If the FMA had serious teeth and a serious budget for litigation I would think that was fertile ground to plough. One look at how long and how much its cost to try and get any recovery on some of the questionable Feltex matters is enough to have an army of lawyers running their hands with glee and shareholders wincing at the prospect of paying through their nose almost endlessly. Best thing is to put management and directors on the "never again list". Fool me once shame on you, fool me twice shame on me ! These guys used to do their endless series of capital raises through Forsyth Barr. Obviously their credibility with them is either shot to bits or Forbar didn't have the gonads to underwrite the issue.

[drcjp]

Question: was the prospect of this cap raise/underwrite bought up at the AGM? If not, why not? These things take a while to sort and the Board must have known.....

[Xerof]

The only ones in the loop are the board, C management, organising broker(s) and people who get info through 'chinese walls'. One or two on these threads in that category. Shareholders are the last to find out, as they are just 'flies' according to FB

Having said that it was patently obvious that this was coming, despite the Sergeant Schultz denials of management

[Balance]

Question: was the prospect of this cap raise/underwrite bought up at the AGM? If not, why not? These things take a while to sort and the Board must have known.....

https://www.odt.co.nz/business/pacific-edge-investors-have-plenty-questions

Seems like plenty of good questions were asked but no real answers were given.

The question as to why Dunedin's Southern Health Board has not adopted CxBladder for use is very very very telling. Big red flag.

[whatsup]

Haha - guess that's what they are doing - selling A DOG - those who were/are 'spooked' into selling at 55c, 50c, and 45c and now, 36c.

3.865m shares sold today - underwriter is starting to get worried but imo, we will see 32.5c when the shares go ex-rights as there will be plenty who will pick up their rights 32c but sell on market at above 32c to fund this most untrustworthy of companies.

Then, we will see them ask why they want to throw good money back - so they invest elsewhere.



Underwriter is going to suck on this one.

Why do you say tha, Im picking circa .25 shortly based on past performance!

[Balance]

https://www.odt.co.nz/business/pacific-edge-seeking-raise-213-million

Some choice quotes in the article!

Excerpt 1 : "On the question of ``shareholder fatigue'', Mr McIntyre said if shareholders opted not to participate, they would see the value of their shares further diluted, given 66.6 million were being issued."

Comment : Bad advice! Shareholders would have been better off not to participate in the other capital raise as with every raising, the overall values of their shares keep dropping!

Excerpt 2 : "Forsyth Barr broker Lyn Howe said the cash injection was necessary and investors continued to require patience with Pacific Edge."

Comment : Patience? What wonderful advice from a broker!

Excerpt 3 : "Yesterday, Mr McIntyre said it ``came as no surprise'', Pacific Edge had to again go to shareholders, noting some ``earlier stage'' shareholders would be ``suffering capital raising fatigue''."

Comment : Wonder if he and his firm have been advising clients to get the hell out given 'NO' surprise.

[Balance]

Why do you say tha, Im picking circa .25 shortly based on past performance!

It's now a long 2 year wait to 2019 before the company expects to breakeven - means one more capital raise irrespective.

And based upon the company's past assurances, I think you are far too optimistic with 25c!

[Schrodinger]

Why buy @ 32c when you can get them at sub 20c?

[Balance]

Why buy @ 32c when you can get them at sub 20c?

The institutions and new investors who took part in the $8m placement this year will be wondering why they bothered - 30% down and now, they are required to put in more.

All in the name of 'pushing to cash flow positive!'

[blackcap]

The institutions and new investors who took part in the $8m placement this year will be wondering why they bothered - 30% down and now, they are required to put in more.

All in the name of 'pushing to cash flow positive!'

I am trying to figure out the motive of the underwriter... the last one, but also this one. Surely they are taking a huge punt at 32 because I think many are going to let their rights lapse, even if the sp is above 32 come "money" day. And trying to prop up the share price at 32-36 is just digging a bigger hole for yourself in my humble opinion. Or they do believe the story and think that 32 is a great entry point.

[Schrodinger]

I have a feeling insto's will be doing under cover unloading to reduce exposure.

[blackcap]

I have a feeling insto's will be doing under cover unloading to reduce exposure.

Well at these prices and the way it is going some of the instos will be selling under 32 to buy at 32 later in the underwrite. Not looking good at the moment but quite possible some larger orders come later at the 32-33 mark, well they did with the last capital raise.

[winner69]

I always though the convential wisdom was that if instos held it was good news

[Balance]

Oops - 32c!

FNZC will be looking closely at its underwrite agreement for remedies to get out of this disaster.

The fat lady just got out in front of the microphone.

[Balance]

Underwriter will suck on this one.

There is no way that any half sane investor or shareholder cannot see through the 'support' from the underwriter leading to the closing of the rights issue.

Post issue, sp will most likely go to well below 30c when the rights issue related support is gone.

[trader_jackson]

I always though the convential wisdom was that if instos held it was good news

Panic selling - we've seen it before, as defined by the relatively small volumes

like after most cap raise annoucements, PEB shares will start to rise after a few days... but who knows if that rise will continue or if another cap raise will be on the way.

The insto's are going to end up owning even more... and lets hope David pulls his finger out (fourth time lucky is it?)

[Balance]

Well at these prices and the way it is going some of the instos will be selling under 32 to buy at 32 later in the underwrite. Not looking good at the moment but quite possible some larger orders come later at the 32-33 mark, well they did with the last capital raise.

I suspect you are spot on.

Last 'underwritten' rights issue saw the underwriters suck on 40% of the stock.

Sell now at anything above 32c and at worse, buy back at 32c.

Post rights issue, probably below 30c.

[Balance]

Panic selling - we've seen it before.

like after most cap raise annoucements, PEB shares will start to rise after a few days... but who knows if that rise will continue or if another cap raise will be on the way

Actually, very very very smart selling based upon share price trend over last 2 years!

What better time to sell than when the underwriter is desperately trying to keep the sp up so that they don't end up with 100% of the $21m?

[Schrodinger]

Balance did you put in a bid @ 1c?

[Balance]

Balance did you put in a bid @ 1c?

That would be most unkind and most foolish at same time!

If you get filled at 1c, you do not want the stock!

[Balance]

I am trying to figure out the motive of the underwriter... the last one, but also this one. Surely they are taking a huge punt at 32 because I think many are going to let their rights lapse, even if the sp is above 32 come "money" day. And trying to prop up the share price at 32-36 is just digging a bigger hole for yourself in my humble opinion. Or they do believe the story and think that 32 is a great entry point.

They have no choice.

But this time round, I think we will see FNZC suck on this one as underwriter.

[Balance]

25-01-2017 #15406

Shares being quietly sold down (now 51c) ahead of announcement of capital raising?

And right on cue last time, PEB announced capital raise on 15 Feb 2017.

This company is all too easy to read.

Sp now down 30% in 2 days from 46c, and down 45% from 59c since beginning of the year.

[Beagle]

Oops - 32c!

FNZC will be looking closely at its underwrite agreement for remedies to get out of this disaster.

The fat lady just got out in front of the microphone.

Yeap they certainly will have the microscope out looking for any possible half plausible escape clause so they don't get left holding the baby. Maybe if the company developed a test for flea bitten pup's they'd have one ready customer right off the bat lol.

[Balance]

Yeap they certainly will have the microscope out looking for any possible half plausible escape clause so they don't get left holding the baby.

Closed at 33c with considerable selling pressure still at 33c.

Conclusion - Not very convincing support by underwriter and sellers & fed up institutions taking the opportunity to get out? Buying yesterday was in vain, it looks like.

[Carpenterjoe]

Does page 13 imply that tests are now selling for circa $1000 each?

Content holder, have manged my holding correctly,

Very interested in PEB developing other markets (Singapore, Japan).

Its a pity guidelines are so slow. One only has to look at MDXhealth change of performance once their prostate product was included in the NCCN guidelines.

Some Insures are still requiring FDA approval before covering bc diagnostic tests. Not covering LDT sucks.

Some big lawsuits currently underway regarding Vets and exposure to chemicals and bad water. Hopefully VA can utilise Cxbladder to save some money and lives.

Wouldn't mind seeing Tolmar/PEB getting behind some of the 20k Qld firefighters in fighting bc. Changes in work cover laws now cover bc for those who have served over 15 years i believe.

Think ill look to add to my holding over the next few months and trade into positive announcements.

[Balance]

And I see a company already doing 18000+ tests per year.

I see insurance companies changing their policies before governments can introduce new guidelines.

I see a company keeping costs at a fair level to develop, expand and build.

I see products being used to save lives and keep employers honest.

I understand the possible delays in reimbursement.

I understand when major holiday's in America occur and potential downturns.

I see people getting so hung up on timelines, statements, and amounts that they are missing what is being built.

I understand the next financial step is break even, this might require another CR.

So you C, some of us are clearly awake and adjusting as we learn and the business develops.

Those investing in PEB are true investors and risk takers. Some prefer to put money into IFT, FBU, CEN, Ect I don't class this as investment, more just buying a dividend.

good luck all

Good luck indeed, Carpenterjoe.

Always good to have a believer or many believers in a speculative stock like PEB.

Officially, doing 8,348 tests (including user programmes) - so just 54% less than what you thought they were doing in 2016.

You are right about abother CR - in fact, two so far and I suspect this one will be the last.

Fat lady is in front of the microphone.

[Balance]

Guess when PEB made this comment to NBR?

"Pacific Edge says that it has enough cash to continue operating at its cost base for another 15 months and hopes to secure sufficient sales to breakeven before that cash runs out".























It was Nov 2016.
https://www.nbr.co.nz/subscribe/197140







15 months to me means February 2018. But maybe, we are (as W69 often points out) we are in PEB time?

Feb 2017 - $8m capital raise.
Oct 2017 - $21m capital raise.

Not a company whose words you can trust - AT ALL!

[Carpenterjoe]

Good luck indeed,

Officially, doing 8,348 tests (including user programmes) - so just 54% less than what you thought they were doing in 2016.



Thanks mate,

Yip, i was surprised by test numbers last year. It triggered me to sell a large portion of my holding. Wouldn't mind buying some back in the coming months.

[Balance]

Thanks mate,

Yip, i was surprised by test numbers last year. It triggered me to sell a large portion of my holding. Wouldn't mind buying some back in the coming months.

I think you will have a great chance to do so.

But then, you may not as the underwriter will end up with so much stock they will be controlling its day to week movements?

[BlackPeter]

Haha - entirely predictable.

Feel sorry for all the shareholders and believers - this is one entirely predictable untrustworthy company.

Several tens of thousands of tests in 2014, anyone?

Used to follow them years ago but seem to have lost my records. Isn't this the company which promised in 2013 or so $100m revenue in 5 years (from promise)?

Just wondering how they are doing ...

[Balance]

Used to follow them years ago but seem to have lost my records. Isn't this the company which promised in 2013 or so $100m revenue in 5 years (from promise)?

Just wondering how they are doing ...

Yup.

Latest update via the latest cap raise is that 2019 ACCRUED revenues are projected to be $27.9m - only 72.1% less than the $100m revenues, reaffirmed by the excitable excited David Darling with his trans-formative exciting inclinations towards user programs and the millions of exciting test opportunities in the US.

[Minerbarejet]

Fat lady is in front of the microphone.
Her name is Prudence.

[BlackPeter]

Balance did you put in a bid @ 1c?

Nop - this was Crackity.

[Balance]

Her name is Prudence.

She follows Excitement, Trans-formative and Last Capital Raise behind the microphone? :D

And 'Several Tens of Thousands' before Excitement?

[Balance]

Why buy @ 32c when you can get them at sub 20c?

Equally valid question for existing holders is 'why not sell now with the underwriter's price support and get as much as you want back at 32c or below?'

[RupertBear]

Her name is Prudence.

And what a beautiful name that is belonging to yours truely :) This little bear is not fat and it cant sing but it did get out of this mut before much money was lost so there is hope afterall :D

[blackcap]

"could be a last-chance opportunity for the bladder cancer diagnostics company because it has already raised $111.6m of equity, has had total commercial revenue of only $16.0m since inception in 2001 and losses of $94.5m over this 15-year period."

http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11932876

wow total revenue of $16m since inception. That is astounding.

[Balance]

"could be a last-chance opportunity for the bladder cancer diagnostics company because it has already raised $111.6m of equity, has had total commercial revenue of only $16.0m since inception in 2001 and losses of $94.5m over this 15-year period."

http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11932876

wow total revenue of $16m since inception. That is astounding.

Gaynor is not making one very critical pertinent point re the capital raisings imo - which is that DD has made all kinds of incorrect, misleading and plain mistruths to get hold of the money to keep PEB going.

https://www.nbr.co.nz/article/pacifi...ement-b-199506

No other way to explain this BS statement from him in Feb 2017 :

"While the company has sufficient cash of $9m to meet its immediate growth requirements, the new investments provides additional support for Pacific Edge to drive its commercial growth."

When did cash required to keep the company alive = growth?

Some seriously big fat stupid institutions out there who funded that 'commercial' growth?

Actionable I believe if someone has relied upon that statement and foolishly invested in PEB at that time.

[Balance]

http://www.targetedonc.com/news/new-bladder-cancer-recurrence-monitor-provides-noninvasive-alternative-for-nmibc-surveillance

Time marches on - yet new tests developed by others as PEB burns through its cash (and yet, more capital raisings) with a cost structure which includes over $7.5m of salaries to the top 35 employees last YE.

Hats off to DD for his ability to 'mine' the 4 institutions (Devon, Salt, FNZC and Harbour) who now own over 50%. Johnny come latelys pick at the bones?

Add on Tindall, Masfen and a few other original shareholders (who to their credit obtained their shares at well under 30c) and over 65% of the shares are owned by them.

[psychic]

http://www.targetedonc.com/news/new-bladder-cancer-recurrence-monitor-provides-noninvasive-alternative-for-nmibc-surveillance

Time marches on - yet new tests developed by others as PEB burns through its cash (and yet, more capital raisings) with a cost structure which includes over $7.5m of salaries to the top 35 employees last YE.

Hats off to DD for his ability to 'mine' the 4 institutions (Devon, Salt, FNZC and Harbour) who now own over 50%. Johnny come latelys pick at the bones?

Add on Tindall, Masfen and a few other original shareholders (who to their credit obtained their shares at well under 30c) and over 65% of the shares are owned by them.

This new test you raise, Xpert Monitor, boasts an overall sensitivity of 0.84 and NPV 0.93 from a study of 140.

By comparison, PEB's CxBladder Monitor from 1016 sample study produced 0.91 sensitivity and 0.96 NPV

Which do you recommend?

[When the bass drops]

This new test you raise, Xpert Monitor, boasts an overall sensitivity of 0.84 and NPV 0.93 from a study of 140.

By comparison, PEB's CxBladder Monitor from 1016 sample study produced 0.91 sensitivity and 0.96 NPV

Which do you recommend?

CxBladder has the edge and we continue to wait patiently for the likes of Kaiser to agree buy a lot of tests. I wasn't pleased by this recent $21m but expected that it may happen. Originally the many significant insto's would have agreed, by legal contract, to continue to hold their stock until company success, and to not crash it. It does appear one major player may have sold out as shown by the selling pressure on the price and the size of a few trades - yes, it is reasonable to assume there are frustrated insto's who want to move on.

I think it is fair to say PEB are being held up, and they want to get going. I think the recent raise was more driven around ensuring the going concern of PEB, particularly from an audit perspective. That is why I intimated the reasons behind this latest raise were not exactly the same as per previous raises. Whether they needed that full $21m is debateable (in my view), but that's just how the mathematics panned out.

One theory could be that it is a specific timeframe delay, in that there are utterances about a time Kaiser may be coming aboard and that the amount to raise is going to take them to that point. i.e. $21m.

Disclosure: I have upped my holding recently at the 34c mark.

[Balance]

This new test you raise, Xpert Monitor, boasts an overall sensitivity of 0.84 and NPV 0.93 from a study of 140.

By comparison, PEB's CxBladder Monitor from 1016 sample study produced 0.91 sensitivity and 0.96 NPV

Which do you recommend?

Not for me to recommend but the users - ie. not patients but actually, the urologists and GPs.

Remember the old Beta (Sony) vs VHS (Panasonic) - all the experts agreed that Beta was the more superior technology but VHS won the day by getting onside with content providers and industry players.

PEB's strategy of going it alone is costing it plenty - not only $ wise.

[Balance]

CxBladder has the edge and we continue to wait patiently for the likes of Kaiser to agree buy a lot of tests. I wasn't pleased by this recent $21m but expected that it may happen. Originally the many significant insto's would have agreed, by legal contract, to continue to hold their stock until company success, and to not crash it. It does appear one major player may have sold out as shown by the selling pressure on the price and the size of a few trades - yes, it is reasonable to assume there are frustrated insto's who want to move on.

I think it is fair to say PEB are being held up, and they want to get going. I think the recent raise was more driven around ensuring the going concern of PEB, particularly from an audit perspective. That is why I intimated the reasons behind this latest raise were not exactly the same as per previous raises. Whether they needed that full $21m is debateable (in my view), but that's just how the mathematics panned out.

One theory could be that it is a specific timeframe delay, in that there are utterances about a time Kaiser may be coming aboard and that the amount to raise is going to take them to that point. i.e. $21m.

Disclosure: I have upped my holding recently at the 34c mark.

Keep hoping.

PEB has fed the market to raise funds with plenty of outlandish projections, mistruths and false hopes(already covered in a previous post).

[stoploss]

CxBladder has the edge and we continue to wait patiently for the likes of Kaiser to agree buy a lot of tests. I wasn't pleased by this recent $21m but expected that it may happen. Originally the many significant insto's would have agreed, by legal contract, to continue to hold their stock until company success, and to not crash it. It does appear one major player may have sold out as shown by the selling pressure on the price and the size of a few trades - yes, it is reasonable to assume there are frustrated insto's who want to move on.

I think it is fair to say PEB are being held up, and they want to get going. I think the recent raise was more driven around ensuring the going concern of PEB, particularly from an audit perspective. That is why I intimated the reasons behind this latest raise were not exactly the same as per previous raises. Whether they needed that full $21m is debateable (in my view), but that's just how the mathematics panned out.

One theory could be that it is a specific timeframe delay, in that there are utterances about a time Kaiser may be coming aboard and that the amount to raise is going to take them to that point. i.e. $21m.

Disclosure: I have upped my holding recently at the 34c mark.

"That is why I intimated the reasons behind this latest raise were not exactly the same as per previous raises." -
The old " it's different this time" .......

[Balance]

"That is why I intimated the reasons behind this latest raise were not exactly the same as per previous raises." -
The old " it's different this time" .......

Yup - the ole 'this capital raise will take the company to profitability and/or cashflow positive'.

[Bing]

There are 3 possible scenarios as I see it:

Fail to sign up Kaiser and don't get their LCD from CMS - disaster
Agreement is signed with Kaiser by March next year (although maybe not at the price they want given that Kaiser must know they are desperate). Short term surge in the share price. By May next year still no sign of the CMS agreement despite talks "progressing well", share price drops again, eventual disaster
Sign with Kaiser followed by CMS a month or 2 later. Everyone happy.


From their presentation it is evident that without CMS (50% of their revenue) they are sunk. They obviously have an estimated date in mind for when they are expecting to sign them up and have modelled the effect on revenue of a 4 month delay in doing so. They also state that the actual date is "outside of Pacific Edge’s control."

I am reasonably confident they will sign up with Kaiser but not so CMS given that every year we have been told an agreement is imminent and every year we have been disappointed.

For myself I am waiting for the Kaiser agreement before selling the remainder of my holding. Should the CMS agreement come through in time I’ll jump back in.

[Balance]

There are 3 possible scenarios as I see it:

Fail to sign up Kaiser and don't get their LCD from CMS - disaster
Agreement is signed with Kaiser by March next year (although maybe not at the price they want given that Kaiser must know they are desperate). Short term surge in the share price. By May next year still no sign of the CMS agreement despite talks "progressing well", share price drops again, eventual disaster
Sign with Kaiser followed by CMS a month or 2 later. Everyone happy.


From their presentation it is evident that without CMS (50% of their revenue) they are sunk. They obviously have an estimated date in mind for when they are expecting to sign them up and have modelled the effect on revenue of a 4 month delay in doing so. They also state that the actual date is "outside of Pacific Edge’s control."

I am reasonably confident they will sign up with Kaiser but not so CMS given that every year we have been told an agreement is imminent and every year we have been disappointed.

For myself I am waiting for the Kaiser agreement before selling the remainder of my holding. Should the CMS agreement come through in time I’ll jump back in.

In May 2015 (when PEB was raising its 'take us to profitability' $35m capital at 61c per share), PEB stated :

“Process underway with key customers Center for Medicare & Medicaid Services (“CMS”) and Veterans Association with conclusion expected in 2015”

Well, it is 2017 and still no CMS.

The optimists in this forum will no doubt read that as meaning it (CMS approval) must be getting close. The realist will read it that PEB has absolutely no idea and has been stringing the market along to raise the funds required to keep the company alive.

PS. In fact, go back far enough and the company expected CMS in early 2014!!!!!!

[kiwidollabill]

Crystal ball time..... Hear me out.....

I agree that CXbladder as a technology has a viable future and will provide positive health outcomes for many.
The cost base upon which they have chosen to launch this test (own testing labs etc) is burning alot of $$$ which is not value adding and/or could be better used to support other areas of the company.
I see the following happening....(within a 3yr term). The sales dont eventuate like PEB want, the sp is suppressed, DD resigns, a US based CEO with diagnostic background is appointed who develops a new strategy to close the testing labs, slash the workforce and license out the testing either as a manufacturer or as a purely IP play to an incumbant.

Flame me if you must, but IMHO

[When the bass drops]

I don't see DD resigning. He'll guts it out to the bitter end, although they would probably be better suited getting a fresh CEO at some point, and move DD into a technical role. Negotiation skill is a must from this point. I would not be unhappy with a $2.50+ takeover offer for the shares if a big player likes the technology and can scale it up far beyond what PEB can do, ofcourse in the medium/long-term.

[blackcap]

I don't see DD resigning. He'll guts it out to the bitter end, although they would probably be better suited getting a fresh CEO at some point, and move DD into a technical role. Negotiation skill is a must from this point. I would not be unhappy with a $2.50+ takeover offer for the shares if a big player likes the technology and can scale it up far beyond what PEB can do, ofcourse in the medium/long-term.

Why would a party doing a takeover pay $2.50 when a say 60% premium to 30 day weighted average (at that stage) may only cost them 50 cents per share?

[Balance]

I don't see DD resigning. He'll guts it out to the bitter end, although they would probably be better suited getting a fresh CEO at some point, and move DD into a technical role. Negotiation skill is a must from this point. I would not be unhappy with a $2.50+ takeover offer for the shares if a big player likes the technology and can scale it up far beyond what PEB can do, ofcourse in the medium/long-term.

Thoroughly unacceptable.

If I have PEB shares, I will accept nothing less than $25.00 as they are worth at least $100 in the medium/long term.


Trouble is that the fat lady is getting ready to sing. :D

[Hectorplains]

Why would a party doing a takeover pay $2.50 when a say 60% premium to 30 day weighted average (at that stage) may only cost them 50 cents per share?



Everything is much bigger on planet PEB.

[Balance]

Everything is much bigger on planet PEB.

Indeed!

Best example of planet PEB : https://www.nzx.com/files/attachments/267494.pdf

Page 8 - Lab throughputs

FY14 - 168
FY15 - 3910

Chris Swann in Dec 2013 : "Several tens of thousands of tests" in 2014! Guess that means at least 30,000?

Note : Lab throughput included user programmes and commercial tests!

[Balance]

https://www.nzx.com/companies/PEB/announcements/308860

"Team punches well above its weight in the global market' - PEB sure does! $7.5m of salaries for top 35 executives last year to produce $20m loss and no tangible progress on the 'transformative' customers!

And of course, in PEB's parallel universe, 168 plus 3910 tests = several tens of thousands!

[whatsup]

https://www.nzx.com/companies/PEB/announcements/308860

"Team punches well above its weight in the global market' - PEB sure does! $7.5m of salaries for top 35 executives last year to produce $20m loss and no tangible progress on the 'transformative' customers!

And of course, in PEB's parallel universe, 168 plus 3910 tests = several tens of thousands!

Does the Tin report have the right company surely no one but no one would recommend PEB for anything except dumb ass of the year !!

[winner69]

https://www.nzx.com/companies/PEB/announcements/308860

"Team punches well above its weight in the global market' - PEB sure does! $7.5m of salaries for top 35 executives last year to produce $20m loss and no tangible progress on the 'transformative' customers!

And of course, in PEB's parallel universe, 168 plus 3910 tests = several tens of thousands!

HOT EMERGING sounds heaps better than exciting and transformational

David will be beside himself today .....calm down Dave

There’s hope for anybody if emerging applies after 16 years of trying

[Balance]

HOT EMERGING sounds heaps better than exciting and transformational

David will be beside himself today .....calm down Dave

There’s hope for anybody if emerging applies after 16 years of trying

In PEB's parallel universe, 16 years = 2.17 years so PEB is in its infancy (you need to do the maths with actual vs 'several tens of thousands of tests')

He will indeed be beside himself with transformative excitement at pursuing the 'high growth' opportunities after being identified as a TIN(pot) company!

More user programs in the pipeline to boost the test numbers?

[Balance]

Observe the underwriter's gallant attempt to dress up this morning's opening quotes to open at 34c?

Presumably underwriter (as only a prize buffoon) would pay up to get stock at 34c knowing full well there will be plenty of selling at 33c at least.

Maybe underwriter is feeling sorry for long suffering PEB shareholders so giving some who are not intending to put in any more money to make 2c by selling at 34c and buying back via the rights at 32c.

6.25% return over a month is not a bad return!

Oops - wrote too soon. Stock being offered now at 33c and underwriter has retreated to 32.5c? Hardly worth the hassle now.

FNZC in their wildest most pessimistic dreams would not have picked a 30% drop in share price from the rights issue announcement. What's wrong with investors? Do they not know a good high growth company recognized by TIN (pot)?

[blackcap]

Observe the underwriter's gallant attempt to dress up this morning's opening quotes to open at 34c?

Presumably underwriter as only a prize buffoon would pay up to get stock at 34c knowing full well there will be plenty of selling at 33c at least.

Guess underwriter is feeling sorry for long suffering PEB shareholders so giving some who are not intending to put in any more money to make 2c by selling at 34c and buying back via the rights at 32c.

6.25% return over a month is not a bad return!

Oops - wrote too soon. Stock being offered now at 33c and underwriter has retreated to 32.5c? Hardly worth the hassle now.

FNZC in their wildest most pessimistic dreams would not have picked a 30% drop in share price from the rights issue announcement. What's wrong with investors? Do they not know a good high growth company recognized by TIN (pot)?

Interesting watching this isn't it. Looks like FNZC are going to pick up 16.6% of PEB at 32 cents. What are they going to do with a chunk like that? Which of their clients would want to take any on at 32? Or have they already got a home for that stock?

[Balance]

Interesting watching this isn't it. Looks like FNZC are going to pick up 16.6% of PEB at 32 cents. What are they going to do with a chunk like that? Which of their clients would want to take any on at 32? Or have they already got a home for that stock?

FNZC normally would lay off some of the underwriting risk with sub-underwriters, principally the large existing institutional shareholders like Salt & Devon. In return, the institutions who participate get a cut of the underwriting fees and first shot at taking up the shortfall by being invited to participate in bidding for the shortfall.

What could be different this time is that some of the institutional shareholders did not participate in the last capital raise (eg, Tindall) so are unlikely to this time round.

So FNZC could end up sucking on this one although they have done well out of the last 2 capital raisings.

[blackcap]

FNZC normally would lay off some of the underwriting risk with sub-underwriters, principally the large existing institutional shareholders like Salt & Devon. In return, the institutions who participate get a cut of the underwriting fees and first shot at taking up the shortfall by being invited to participate in bidding for the shortfall.

What could be different this time is that some of the institutional shareholders did not participate in the last capital raise (eg, Tindall) so are unlikely to this time round.

So FNZC could end up sucking on this one although they have done well out of the last 2 capital raisings.

I suppose with their underwriters fee of $2 million?? (don't know how much it is but presume it would have to be a lot, can someone clarify) they would have a bit of a buffer if things turned south. Still they could end up with a lot of stock that they do not really want. Does the house hold the stock as a long term investor or will they be looking to sell it all and get rid of it?

[Balance]

I suppose with their underwriters fee of $2 million?? (don't know how much it is but presume it would have to be a lot, can someone clarify) they would have a bit of a buffer if things turned south. Still they could end up with a lot of stock that they do not really want. Does the house hold the stock as a long term investor or will they be looking to sell it all and get rid of it?

https://www.nzx.com/files/attachments/267919.pdf

Some interesting conditions imposed under 7. Underwriting Agreement - eg. FNZC obviously do not want any further issue of shares to leave the way clear for 6 months in any shape or form by PEB in case they get caught with stock.

Underwriting fee of 1.5% ($319,500) plus management fee (within range, they say, of deals of this type?).

[trader_jackson]

https://www.nzx.com/files/attachments/267919.pdf

Some interesting conditions imposed under 7. Underwriting Agreement - eg. FNZC obviously do not want any further issue of shares to leave the way clear for 6 months in any shape or form by PEB in case they get caught with stock.

Underwriting fee of 1.5% ($319,500) plus management fee (within range, they say, of deals of this type?).

You think the management fee will be $1.7m? Only way it will get to the $2m underwriting fee that seems to have been tossed around here.

[Balance]

I suppose with their underwriters fee of $2 million?? (don't know how much it is but presume it would have to be a lot, can someone clarify) they would have a bit of a buffer if things turned south. Still they could end up with a lot of stock that they do not really want. Does the house hold the stock as a long term investor or will they be looking to sell it all and get rid of it?

If 2015 rights shortfall trading is any indication, FNZC will hold the stock and then, trade the stock out - as in buying shares (when appropriate) and selling shares (especially when there are positive announcements).

https://www.nzx.com/files/attachments/216091.pdf

Fun and games ahead!

[blackcap]

If 2015 rights shortfall trading is any indication, FNZC will hold the stock and then, trade the stock out - as in buying shares (when appropriate) and selling shares (especially when there are positive announcements).

https://www.nzx.com/files/attachments/216091.pdf

Fun and games ahead!

Yes exactly. Fun and games to be had with this one. I wonder how many "positive announcements" PEB can engineer.

[winner69]

Obviously TIN people don’t take into account bad debts when counting revenues

[Ggcc]

Obviously TIN people don’t take into account bad debts when counting revenues

I think “are the Tin awards adding value to any company”?

[minimoke]

I think “are the Tin awards adding value to any company”?
They are really just one of these vanity award schemes

[Balance]

They are really just one of these vanity award schemes

I see Plexxxure was included in the top 10 hot emerging companies in 2016 (along with PEB) but PLX wisely chose not to publicize last year.

Says something about the award?

[Balance]

Yes exactly. Fun and games to be had with this one. I wonder how many "positive announcements" PEB can engineer.

Well, positive announcement on being a top 10 hot emerging company lifted the sp by 1.8%.

Was actually more but a seller dumped 260,000 shares (33.5c) at the close so poor ole underwriter must have been rather miffed after massaging the sp at 34c whole day?

Guess the seller is happy to gain 1.5c arbitrage on 32c? That's $3,900 - buys a couple of new iPhone X anyway. :D

Underwriter will be pleased they do not have to take 260,000 shortfall from this seller - but then, they have just given away their underwriting fee (and more) supporting this trade?

[Balance]

Love the way the (presumably) underwriter is trying to dress up the depth?

Buyer at 34.5c - for 13,000 shares! May just scare away the sellers, see?

[BlackPeter]

Love the way the (presumably) underwriter is trying to dress up the depth?

Buyer at 34.5c - for 13,000 shares! May just scare away the sellers, see?

Well, if that's the strategy, it appears to be successful. Not much depth on the sell side.

But yes, given PEB's history of broken promises and given the terrible TA would I think that only people with dead certain insider information should buy in at this stage ... ;) unless - they want to (on the balance of probabilities) lose their money, but for the second group I could imagine more pleasant ways ...

On the other hand ... this time it will be different - won't it?

[peat]

there are still people with faith in the product who dont seem to realise the product can be good but the business can still fail.

[Balance]

there are still people with faith in the product who dont seem to realise the product can be good but the business can still fail.

https://www.sharetrader.co.nz/showthread.php?9111-VIL-Veritas-Investments-Limited/page34

See how Salt Funds actually increased its stake in VIL, the company which has just been pinged for non-disclosure of very material information.

Yup, there are believers out there alright.

[blackcap]

Well, positive announcement on being a top 10 hot emerging company lifted the sp by 1.8%.

Was actually more but a seller dumped 260,000 shares (33.5c) at the close so poor ole underwriter must have been rather miffed after massaging the sp at 34c whole day?

Guess the seller is happy to gain 1.5c arbitrage on 32c? That's $3,900 - buys a couple of new iPhone X anyway. :D

Underwriter will be pleased they do not have to take 260,000 shortfall from this seller - but then, they have just given away their underwriting fee (and more) supporting this trade?

Had a good laugh at this post. So true, the seller gets 1.5 cents on the 32, but yes underwrite does not have to take 260,000 shortfall but has 260,000 shares at 33.5 themselves now that they have bought that they might have to get rid of at prices less than that. If a few "smart" mischievous instos got together they could sell a shed load to the underwriter (who is obviously propping up the price) and then see what happens post rights. Fun and games indeed.

[t.rexjr]

Had a good laugh at this post. So true, the seller gets 1.5 cents on the 32, but yes underwrite does not have to take 260,000 shortfall but has 260,000 shares at 33.5 themselves now that they have bought that they might have to get rid of at prices less than that. If a few "smart" mischievous instos got together they could sell a shed load to the underwriter (who is obviously propping up the price) and then see what happens post rights. Fun and games indeed.

The underwriter could well have been the seller of the 260,000 shares could they not?

[blackcap]

The underwriter could well have been the seller of the 260,000 shares could they not?

They could, but they were then also the buyer and I do not know if NZX regulations allow for that.

[Balance]

They could, but they were then also the buyer and I do not know if NZX regulations allow for that.

I think what t.resir may be implying is that FNZC is the seller and somebody else is the buyer.

Could be - just as there are those out there who are still happy to pour more money into PEB when the pattern of raising capital at ever lower issue prices is one big waving red flag of where it is heading.

[blackcap]

I think what t.resir may be implying is that FNZC is the seller and somebody else is the buyer.
.

Ah I see, that thought never even entered my mind. Its patently obvious (well to me anyway) that the larger orders at the 32-33.5 mark are the underwriter propping up the price. But yes, it could indeed be some retail or other institutions getting some cheap shares.

[Schrodinger]

Anyone know what Chelsea thinks about PEB and their high regard for the company? Amusing how they pumped the company. DYOR.

Dont mean to be a downer but the equity research advice in this country is terrible.

[winner69]

Anyone know what Chelsea thinks about PEB and their high regard for the company? Amusing how they pumped the company. DYOR.

Dont mean to be a downer but the equity research advice in this country is terrible.

There was one brillant analyst briefing in which Dave said

"That's a good question Chelsea"

and then

"That's a very good question Chelsea"

and it got boring and just came to

"Good question Chelsea"

And Chelsea just loved Dave's answers

[Xerof]

Nah, at one point he said 'that's a GREAT question Chelsea'

:D

[Schrodinger]

Check their valuations/recommendations from the past. Very amusing reading. They have no concept of the US healthcare system and have cost their clients millions.

Speaking of that Tim Hunters NBR article was great. Hes one of the few that know their stuff.

[Balance]

Could be wrong but I think her involvement is little more than just working for ForBarr.
It appears that she is the analyst from ForBarr who made the forecast on PEB prior to this one and has followed up with a close up look at the facilities.
This "excursion" to Hershey has raised her level of awareness as to what and how PEB are actually doing things. She has had no hesitation in adding her impressions to the report.
Dont know what your education level is, skid, but she has miles more than most people, including myself.
Who paid for her trip is of little consequence.



Chelsea Leadbetter joined Forsyth Barr in 2008 in a part-time role. After leaving Victoria University she was taken on in a full-time capacity as an Investment Analyst. Chelsea is now an Equity Analyst, with her primary stock coverage the Retail and Healthcare sectors.Chelsea was rated in the 2014 INFINZ awards for her Retail coverage. Specific stock coverage includes; Abano Healthcare Group (ABA), Briscoe Group (BGR), EBOS Group (EBO), Fisher & Paykel Healthcare (FPH), Hallenstein Glasson Holdings (HLG), Kathmandu Holdings (KMD), Michael Hill International (MHI), Pacific Edge (PEB), Pumpkin Patch (PPL), Restaurant Brands (RBD) and The Warehouse Group (WHS).
Chelsea studied a Bachelor of Commerce & Administration and Bachelor of Science at Victoria University, majoring in Money & Finance and Psychology. She gained a Victoria Graduate Award and went on to complete her Honours degree in Finance. She is currently working towards becoming a Chartered Financial Analyst (CFA), and has passed Levels I and II.

Who paid for her trip is of little consequence?

Say that to the poor ole Forabr investors sucked into the PEB vortex of misinformation and missed forecasts and missed deadlines!

[When the bass drops]

PEB up a little bit today. Intriguing.

[trader_jackson]

wow the underwriter must have been working in overdrive today!

Suddenly, out of nowhere, the buyers are lining up again and the sellers are diminishing - I have to say seems a bit suspect, then again, if they actually do achieve what they say they will achieve (that is cash flow break even in well under 2 years time), then 38 cents is still ultra cheap.

[When the bass drops]

Yep 38 cents is quite cheap. I think this is a $2+ stock, or possibly $2.50+, when things start to happen.

[whatsup]

Be very cautious Ive seen this before when without real reason the share price of a issue rising close to the close out of a funding date in order me thinks to get it across the line ( read underwtiter here ) then once that was out of the way the S P falling back in some cases to below the issue price, very strange , circa BIL from the 80's !!!!

[t.rexjr]

Be very cautious Ive seen this before when without real reason the share price of a issue rising close to the close out of a funding date in order me thinks to get it across the line ( read underwtiter here ) then once that was out of the way the S P falling back in some cases to below the issue price, very strange , circa BIL from the 80's !!!!

Ah BIL. My first share purchase. I still have the share certificate. The paper is worth more...

[Balance]

http://mendonjournal.com/medical-news-today-bladder-cancer-noninvasive-urine-test-steps-closer/

"sensitivity of 95 percent for higher-risk cancers and a negative predictive value greater than 97 percent".

PEB's road to commercialization may have just encountered a landslip?

[Balance]

Be very cautious Ive seen this before when without real reason the share price of a issue rising close to the close out of a funding date in order me thinks to get it across the line ( read underwtiter here ) then once that was out of the way the S P falling back in some cases to below the issue price, very strange , circa BIL from the 80's !!!!

The underwriters, being very aware of market manipulation regulations, would not do that - would they? :D

[hardt]

The underwriters, being very aware of market manipulation regulations, would not do that - would they? :D

It is not manipulation to buy and sell on market... every institution engineers support for retailers to jump on.

[moka]

It is not manipulation to buy and sell on market... every institution engineers support for retailers to jump on.

Market manipulation is buying and selling on the market too so when does “engineering” become market manipulation? When does it cross the line?
I believe there is a lot of “engineering”. It’s certainly not a level playing field and small retail investors often feel they don’t get a fair deal – plenty of comments on sharetrader about that.

http://www.stuff.co.nz/business/90029956/former-milford-trader-manipulated-the-market-twice
FMA chief executive Rob Everett said the market watchdog was pleased with the outcome.
Market manipulation threatens our core objective of promoting fair, efficient and transparent financial markets.
"For investors to participate confidently in our markets we need to target and respond to misconduct.
"That is what this case was about."

http://www.stuff.co.nz/business/industries/10359697/Diligents-Brian-Henry-admits-market-manipulation
He also admitted to placing multiple orders for buying and selling Diligent shares without completing the trade, in a practice known as layering.
The process gave a false impression of trading interest in Diligent shares, forcing other buyers to bid at higher prices and affecting the market closing price.

[Balance]

Market manipulation is buying and selling on the market too so when does “engineering” become market manipulation? When does it cross the line?
I believe there is a lot of “engineering”. It’s certainly not a level playing field and small retail investors often feel they don’t get a fair deal – plenty of comments on sharetrader about that.

http://www.stuff.co.nz/business/90029956/former-milford-trader-manipulated-the-market-twice
FMA chief executive Rob Everett said the market watchdog was pleased with the outcome.
Market manipulation threatens our core objective of promoting fair, efficient and transparent financial markets.
"For investors to participate confidently in our markets we need to target and respond to misconduct.
"That is what this case was about."

http://www.stuff.co.nz/business/industries/10359697/Diligents-Brian-Henry-admits-market-manipulation
He also admitted to placing multiple orders for buying and selling Diligent shares without completing the trade, in a practice known as layering.
The process gave a false impression of trading interest in Diligent shares, forcing other buyers to bid at higher prices and affecting the market closing price.

The SPH & SSH notices filed by institutions certainly show that they are active 'traders' in many stocks - so plenty of sp massaging going on.

To be fair to the public, there should be disclosures during rights issue of what the underwriters are doing.

[Schrodinger]

Agree looks a little dodgy. Smokey room deal to trade shares to maintain a price? The depth chart is the give away orders all they way down uniformly in .5 increments.

[Balance]

Agree looks a little dodgy. Smokey room deal to trade shares to maintain a price? The depth chart is the give away orders all they way down uniformly in .5 increments.

Well, someone is happy that the underwriter is there to support - sell at 36c or better, and make a quick 10%+ on any share they can sell and replace from the rights issue at 32c.

Sometimes, the gods do smile on the meek and needy! :D

[whatsup]

A reminder of the closing date , is that a sign of panic ?

[Whitebeard]

Standard process from what I have experienced.

[whatsup]

Last day today for the issue, who is in ?

[trader_jackson]

Last day today for the issue, who is in ?

I decided to donate some more money.

[BigBob]

Last day today for the issue, who is in ?

I decided against it.

I hold a few at an OK average, but was not prepared to donate any more money based on the lack of information and vague time lines outlined in the offer documents. Might top up if and when there is any actual positive news, with regards to the transformational customers or any real progress.

[Balance]

I decided against it.

I hold a few at an OK average, but was not prepared to donate any more money based on the lack of information and vague time lines outlined in the offer documents. Might top up if and when there is any actual positive news, with regards to the transformational customers or any real progress.

Sell at 35c, and pick up at 32c.

Easy 10% for a good dinner to compensate for the grief of being a PEB shareholder who trusted the company to deliver 'several tens of thousands of tests' in 2014.

[When the bass drops]

It's a long term hold guys/gals. I got my rights; paid a week back. (disclosure: 87k PEB stock hold)

[BigBob]

Sell at 35c, and pick up at 32c.

Easy 10% for a good dinner to compensate for the grief of being a PEB shareholder who trusted the company to deliver 'several tens of thousands of tests' in 2014.

Yeah, fair enough - but at 1 per 6 and brokerage taken out for the sell it doesn't seem worth the trouble... Good point though and deffo worth it if I had certainty that I could "swap" my entire holding out...

[RTM]

I'm all out at 36c. They have taken to long to get traction. Technology will have overtaken them by now.
Pity....NZ needs this kind of industry. Nice not to have that red arrow in my portfolio,

[whatsup]

Issue closed, 2 questions beg an answer.

1/What % take up was there ? .
2/ How long will the share price hold its current level ?

Any guesses out there ?

[Balance]

Issue closed, 2 questions beg an answer.

1/What % take up was there ? .
2/ How long will the share price hold its current level ?

Any guesses out there ?

No guesses - actual results : 27.1% of the bargain basement 32c shares (issued at a sharp discount of 32% to sp) not taken up.

Still chance though for the believers to bid for 18.1m shares in the book build.

Great opportunity to get some at 32c and dish out to the underwriters holding the sp up to close at 35c today.

Will they be there however on Monday to hoover up all these lovelies though?

Anyone buying at 35c and 38c in recent times must be chomping at the opportunity? They cannot be the underwriters surely who are keeping their powder dry to hoover up shares on Monday? :D

https://www.nzx.com/announcements/310078

[trader_jackson]

I have to say I am very surprised by this, in a very positive way.

Last time they did a rights issue they had a take up of about 65.1%, now they have received subscriptions for 72.9%, over 10% more than last time + (and perhaps even more interesting) there was nearly 1 and a half million dollars thrown into the shortfall book build - if that 1.47m was converted into 32c shares, they would have had 80% of shares applied for... far higher than 65% last time (who would have thought?), meaning the underwriter isn't stuck with much this time... then again isn't PEB owned mostly by insto's these days anyway? was probably the retail shareholders who didn't apply I suppose... none the less, FNZ doesn't have much to move... maybe even happy to hold a little, but not too much, more.

Maybe the financial numbers did helpd give hope, maybe DD made some phone calls (or did FNZ do them?) maybe PEB is finally about to turn around... most intriguing times appear to be ahead... starting with half year results in a couple of weeks

[Balance]

I have to say I am very surprised by this, in a very positive way.

Last time they did a rights issue they had a take up of about 65.1%, now they have received subscriptions for 72.9%, over 10% more than last time + (and perhaps even more interesting) there was nearly 1 and a half million dollars thrown into the shortfall book build - if that 1.47m was converted into 32c shares, they would have had 80% of shares applied for... far higher than 65% last time (who would have thought?), meaning the underwriter isn't stuck with much this time... then again isn't PEB owned mostly by insto's these days anyway? was probably the retail shareholders who didn't apply I suppose... none the less, FNZ doesn't have much to move... maybe even happy to hold a little, but not too much, more.

Maybe the financial numbers did helpd give hope, maybe DD made some phone calls (or did FNZ do them?) maybe PEB is finally about to turn around... most intriguing times appear to be ahead... starting with half year results in a couple of weeks

Hope DD did not make any phone calls as whatever he disclosed MUST be disclosed to the market - failure to do so will result in a fine this time round being more than $500k!

When a company raises capital via raisings, one after another at ever lower prices (and ever greater discounts to market prices), the ones stuck in there get heavily diluted if they do not cough out more funds for PEB to burn. Suspect you are right that the institutions are sucking the hot kumara - they have good practice sucking the PEB lemon. :D

[Balance]

https://www.nzx.com/announcements/310084

Roll up, roll up - cheap PEB shares on offer!

According to those who see nothing but good with this company:

especially its unbelievable ability to burn through cash,

miss deadlines,

miss milestones BUT

still has the ability to keep raising capital at ever lower prices at ever bigger discounts to market prices,

This is YOUR LAST OPPORTUNITY TO BUY CHEAP SHARES!

Worth at least $2.50 according to one poster here.

[winner69]

https://www.nzx.com/announcements/310084

Roll up, roll up - cheap PEB shares on offer!

According to those who see nothing but good with this company:

especially its unbelievable ability to burn through cash,

miss deadlines,

miss milestones BUT

still has the ability to keep raising capital at ever lower prices at ever bigger discounts to market prices,

This is YOUR LAST OPPORTUNITY TO BUY CHEAP SHARES!

Worth at least $2.50 according to one poster here.

I have visions of DD being like the king in his counting house.

Sing a Song a Sixpence nice nursery rhyme ...could easily modernise it to reflect PEBs ability to raise $130m odd over the years

[t.rexjr]

http://mailchi.mp/pacificedge/pacific-edge-named-20th-in-deloitte-fast50?e=0047366691

Someone be taking the mickey :confused:

[When the bass drops]

But there is still good news afoot.







Pacific Edge Named 20th in Deloitte Fast50The team at Dunedin cancer diagnostics company, Pacific Edge, is celebrating today after being named the 20th fastest growing company in the Deloitte Fast50 Awards, coming in with 324% growth in revenue over three years.

Pacific Edge is the first company in the world to offer a suite of molecular diagnostic tests which cover all areas of the clinical pathway for bladder cancer. Since commencing commercial sales in 2013, it has consistently increased year-on-year revenue growth, reflecting ever increasing demand for its simple to use, non-invasive and effective bladder cancer diagnostics technology, Cxbladder.

Backed by a growing library of peer reviewed clinical papers, urologists and clinicians are recognising the validity and utility of this new technology and uptake is increasing, particularly in Pacific Edge’s primary market, the United States, and its home market in New Zealand.

The combination of its novel technology, focus on clinical validation and careful targeting of key customers has seen Pacific Edge achieve triple-digit growth for the past three years.















https://gallery.mailchimp.com/26a3a59717e39b21dccd1307c/images/aa0fdd07-cede-4571-864f-8fc7cfa8acdc.jpg



CEO David Darling and CFO Kate Rankin accept the award at the Deloitte Festival of Growth in Auckland last night. Excuse the photographer in the photo, we're still awaiting our official shots from the event but couldn't wait to share this news with all of you!













CEO of Pacific Edge, David Darling, said: “We are delighted to be included in the Deloitte Fast50 index. It is a great recognition for the hard work and dedication of our team over the last few years.

“What is especially rewarding is that we have successfully developed a world leading suite of diagnostic tests using an innovative new technology and are now monetising these great products for our shareholders.

“From the beginning we have been focused on enabling better care and outcomes for patients by providing more effective, highly accurate and non-invasive tests which allow for more informed decision making by clinicians. Use of our Cxbladder products is resulting in a reduction in the total number of procedures and a lower number of invasive procedures and therefore, a lower cost and better allocation of limited healthcare resources.

“The most exciting thing for Pacific Edge is the traction we are gaining in the US, the world’s largest healthcare market and the recognition we are receiving from urologists around the world who are great advocates for our technology. We are still in the early stages of our commercial journey and we see a bright future ahead of us.”

[Balance]

We are still in the early stages of our commercial journey and we see a bright future ahead of us.”


4 years on from the launch of the commercialization, the quote above pretty much sums up the parallel universe that DD and PEB live in.

Conclusive proof of the parallel universe : "Pacific Edge Chairman Chris Swann says the funds raised will provide funding to implement the roll out of the US sales force in pursuit of achieving $100 million of commercial sales of Cxbladder in the United States within five trading years.

"The Board is fully confident that the funds being raised will be sufficient to cover operating expenses until Pacific Edge achieves profitability."

Stated in October 2013 while encouraging shareholders to front up with more cash.

As W69 observed rather accurately, PEB time is on a different dimension to the rest of us normal human beings. Obviously some of the shareholders and institutions out there live some time in PEB's 10th time dimension?

[Balance]

https://www.nzx.com/announcements/310151

So shortfall cleared at 32c.

So who is the company and underwriters trying to kid? Market share price was 35c and if that was a realistic and sustainable price, every freaking man and their granduncle would have paid at least 33c for the shares!

Bet you that the underwriter had a few ' friendly' parties bid for the shortfall to make the issue declared as successful.

NZX and FMA - are you investigating the blatant sp massaging here to assess whether it constitutes market manipulation?

[hardt]

https://www.nzx.com/announcements/310151

So shortfall cleared at 32c.

So who is the company and underwriters trying to kid? Market share price was 35c and if that was a realistic and sustainable price, every freaking man and their granduncle would have paid at least 33c for the shares!

Bet you that the underwriter had a few ' friendly' parties bid for the shortfall to make the issue declared as successful.

NZX and FMA - are you investigating the blatant sp massaging here to assess whether it constitutes market manipulation?

What can the FMA possibly do to someone supporting bids on market?

[Balance]

What can the FMA possibly do to someone supporting bids on market?

Precisely why the FMA should investigate and put an end to this practice during rights issue.

[Minerbarejet]

Conclusive proof of the parallel universe : "Pacific Edge Chairman Chris Swann says the funds raised will provide funding to implement the roll out of the US sales force in pursuit of achieving $100 million of commercial sales of Cxbladder in the United States within five trading years
.
What would you have preferred he said?

"Pacific Edge Chairman Chris Swann says he doubts the funds raised will provide funding to implement the roll out of the US sales force in pursuit of achieving $100 million of commercial sales of Cxbladder in the United States within a highly unlikely five trading years"

Get back to us after 5 trading years, in the meantime put a sock in it Mr 5 bucks a share

[Minerbarejet]

I have taken my 50T sells at 69c and 70c out - they have done the job of spooking these traders out of their stock at breakeven or below breakeven price.
Hmmmm- very interesting.:)

[whatsup]

Now that the issue is out of the way I note that the S P is slowly slipping , I wonder how long it will take until it is below the issue price, hush how dare you say that , are you a non believer !!
Where is FNZCap !!

[whatsup]

Another 1/2 cent lower quote today, Im wondering if the underwriters are slowly letting the price slip down to the issue price, could it go lower than the .32 issue price ?

[Balance]

Another 1/2 cent lower quote today, Im wondering if the underwriters are slowly letting the price slip down to the issue price, could it go lower than the .32 issue price ?

Inevitable it will go back to 32c as the underwriter pulls out - have failed to convince the rest of the market that PEB is worth more than 32c.

The rest of the market can smell that the underwriter is pulling out so get that 1c and 2c profit from the rights while it is there.

Can only fool all of the people only some time, not all the time.

[Balance]

https://www.nzx.com/announcements/310342

HUGE :D vote of confidence by insiders - they participated in the rights issue!

Now waiting for DD disclosure - he must have taken the opportunity (surely!) to subscribe BIG into the shortfall.

Surely!

[Tsuba]

I think it is time someone got a life.

[Balance]

I think it is time someone got a life.

Remember this : "The way I see it is that unless you tell us your exact role with PEB everything you say and warn us about has to be taken with a great deal of Sodium Chloride.

https://www.sharetrader.co.nz/showthread.php?2705-PEB-Pacific-Edge-Ltd&p=580933&highlight=#post580933

Should have taken heed of Kiwidollabill's postings at that time - when the sp was more than double (75c) what it is sadly today.

And of course, before the rights issue after placement after rights issue or more and more and more share price losses.

Hindsight is such a bugger, right when one ignores foresight?

[When the bass drops]

I can't help but agree. On another note, DD would have an adequate compensation in his role as commander and chief than taking the opportunity to buy in big (personal stocks) when the price went really low.

[Balance]

I can't help but agree. On another note, DD would have an adequate compensation in his role as commander and chief than taking the opportunity to buy in big (personal stocks) when the price went really low.

Therein lies the difference - that if he really really believed in the company's future prospects, he would be mortgaging his house and loading up large.

The big red flag was when the directors did not participate in previous rights issue - downhill ever since.

[AndyLP]

I wonder what Jackie Walker makes of PEB's performance over the last year or so. CEO of Pacific Edge USA -- the most important market -- and we never hear from her. (Unless I missed something)

Be nice to get an update on how that Kaiser Permanente trial is going. And by update I don't mean "talks taking longer than expected." I mean, how many of the 2,000 subjects have been processed etc.

Disc. not holding

[kiwidollabill]

Come on, they each committed less than $5k in the transactions. Hardly putting their wallet on the line for the future of the company.

[BigBob]

Be nice to get an update on how that Kaiser Permanente trial is going. And by update I don't mean "talks taking longer than expected." I mean, how many of the 2,000 subjects have been processed etc.

Disc. not holding

If you were actually interested it would have taken you about 1/100th of a second to find that on November 14 2016, they announced that it had been completed...

"Cancer diagnostics company Pacific Edge (NZX: PEB) has advised that it has successfully completed its analysis of the data from the large scale Kaiser Permanente (Kaiser) User Programme with positive and compelling findings."

https://quoteapi.com/resources/da9866271f9d0071/announcements/peb.nzx/292574/PEB_Positive_Results_in_Kaiser_Permanente_User_Pro gramme.pdf?embed=1

[When the bass drops]

Keep up AndyLP

[AndyLP]

Keep up AndyLP

Haha. Need to fire my google alerts assistant. Thank you for the link bob.

[When the bass drops]

20 November 2017
Pacific Edge Half Year Results to be Announced 29 November 2017
Cancer diagnostics company, Pacific Edge Limited (NZX:PEB), advises the release of its interim results for the six months ended 30 September 2017, on Wednesday 29 November 2017.

[Balance]

Meanwhile, the world marches on and PEB is left stranded with its user programs, potential multi-million test market opportunities and still to be fulfilled 'several tens of thousands of tests' 4 years after the words were uttered!



http://www.purdue.edu/newsroom/releases/2017/Q4/biochemistry-professor-who-is-developing-blood-test-to-detect-early-stage-breast-cancer-wins-purdue-commercialization-award.html

"W. Andy Tao, a biochemistry professor in the College of Agriculture who discovered a method to detect and monitor breast cancer using a simple blood test and bladder cancer using a urine test, is the 2017 recipient of the Outstanding Commercialization Award for Purdue University faculty."

http://www.nasdaq.com/article/labcorp-reports-new-use-of-agilents-cancer-diagnostic-test-cm878442

"Agilent's Dako pathology division's development - the PD-L1 IHC 28-8 pharmDx assay - is now available in the United States for new expanded use. Per LabCorp, this test has got the U.S. approval to be used as a complementary diagnostic with Bristol-Myers Squibb Company's BMY OPDIVO (nivolumab) for two new indications - metastatic urothelial carcinoma or bladder cancer and squamous cell carcinoma of the head and neck - respectively."

[Minerbarejet]

Meanwhile, the world marches on and PEB is left stranded with its user programs, potential multi-million test market opportunities and still to be fulfilled 'several tens of thousands of tests' 4 years after the words were uttered!

You left something out from your " tens of thousands " mantra.:)
According to and as published by the Otago Daily Times.

[Balance]

You left something out from your " tens of thousands " mantra.:)
According to and as published by the Otago Daily Times.

Immortally uttered by the then Chairman who, along with DD, proceeded to sell shares into the hype in 2014.

[Minerbarejet]

Immortally uttered by the then Chairman who, along with DD, proceeded to sell shares into the hype in 2014.
You left something out again " along with DD (and myself) ".

[Balance]

You left something out again " along with DD (and myself) ".

You did well then if you were smart enough to sell when DD and Swain did in March 2014.

Bravo!

[Balance]

33.5c and getting towards 32c.

Wonder how the underwriters are feeling as it's clear from the SSH below who hs been supporting the sp :

https://www.nzx.com/announcements/310561

When you are in a hole, stop digging?

[whatsup]

Why the strong close today ?

[Bing]

Someone's buying up large. Wonder if it will continue today.

[winner69]

Someone's buying up large. Wonder if it will continue today.

Must be some good news on the way

[whatsup]

Must be some good news on the way

About B!OODY time imo !!

[Balance]

About B!OODY time imo !!

Ramp 'em up from lowest sp in 5 years leading to next week's results and hope the ever eager punters follow to feed some to them.

[whatsup]

Off to the races this afo, do we have a leaky boat here , hitting .40 yippee !!

[whatsup]

Off to the races this afo, do we have a leaky boat here , hitting .40 yippee !!

.40 GONE next stop .42 !! glad I took up my allocation + some !

[pierre]

.40 GONE next stop .42 !! glad I took up my allocation + some !

This SP action has to stop. It must be very upsetting for one of our regular posters and throwing his mind into complete disarray.
But if it continues, no doubt there's another cynical comment brewing and just about ready to be launched...

[When the bass drops]

This SP action has to stop. It must be very upsetting for one of our regular posters and throwing his mind into complete disarray.
But if it continues, no doubt there's another cynical comment brewing and just about ready to be launched...

It's that evil 'window dressing' :t_up:

[RTM]

.40 GONE next stop .42 !! glad I took up my allocation + some !
You’re a brave man, well done. I did the opposite and bailed. Not happy !

[minimoke]

.40 GONE next stop .42 !! glad I took up my allocation + some !
Last call for the day was at 0.39

[davflaws]

Last call for the day was at 0.39

I am quite tipsy with excitement. I hope Balance will bring us all back down to earth before I do something foolish!

[winner69]

I am quite tipsy with excitement. I hope Balance will bring us all back down to earth before I do something foolish!

Wonder what will be said on Monday

[When the bass drops]

Wednesday.

[winner69]

Wednesday.

Should be a speeding ticket

[Ggcc]

Something exciting is on its way! But first, a behind-the-scenes glimpse of the Mo Bros and iconic Dunedin barber Errol Sharp from St James Hairdresser at a video shoot yesterday about #menshealth!

Support our guys and help men live longer: https://moteam.co/pacific-edge?mc=1
On their Facebook page

[trader_jackson]

The big one coming next week is it?

Can't get my hopes up too high as PEB rallied 1st of November to a similar level, only to fall back down to where it was (33 ish cents) by 2 weeks later a couple weeks back, only to fall away the next week... however this time around there isn't a capital raising about to close and volumes are the highest in several weeks, people suddenly realize the annual results are announcement this coming Wednesday and want to get in "before it is [possibly] to late"?

As some will know (and unlike some others on sharetrader who demand apologies when, perhaps ironically, their own words are thrown back at them) I am all about accountability and 2 years ago I said something along the lines of "I would give PEB 2 years to get sorted" and then review - I am aware the half year results will pretty much signal this 2 year point. I had hoped PEB would be in a better position and confirm a couple more agreements than what they have done - maybe things are all coming together this final week, maybe "this time is different".... maybe it is all hot air... half year results and corresponding (and all important) outlook/update will hopefully give me and the market some sort of indication that they are on the road to cash flow positive and, ultimately, profitability...

Although I don't really know what to expect these days, hopefully for the HF18 I'll see revenue growing faster than expenses, operating revenue (hopefully) being around $4m, and net operating cash outflows not exceeding the low 9 millions. Would like HF18 revenue to be above 5m, but consider that in the cap raise presentation they seem to indicate a fairly weak number of lab throughput (ie small growth from the previous HF17)

[whatsup]

Little more buying interest today what with the ann due this week there at last could be something positive.

[When the bass drops]

As a supporter of PEB and a believer in their success, I still think they won't have anything particularly positive to say until about 31 March 2019. I think the big US groups want to lower the price of the tests and they won't sign something until its materially lower. The $0.44 will probably come back down again by end of week.

[winner69]

Jeez ...share price be 50 cents before the big announcement

[whatsup]

When-----. You obviously have some knowledge of the "inside " operations, care to expand to us poor long suffering S Hers !

[When the bass drops]

When-----. You obviously have some knowledge of the "inside " operations, care to expand to us poor long suffering S Hers !

If you're referring to me, nah mate. Just opinion really,.

[hardt]

Happy with a good profit, sold out today at 44...

[whatsup]

If you're referring to me, nah mate. Just opinion really,.

Thank you.

[trader_jackson]

Jeez ...share price be 50 cents before the big announcement
Could be $1 after?

[Balance]

Ramp 'em up, suck 'em in

Watch 'em get excited

Sell to 'em

:D

[trader_jackson]

Ramp 'em up, suck 'em in

Watch 'em get excited

Sell to 'em

:D

Must be the underwriter doing all this?

[Balance]

Must be the underwriter doing all this?

Play the game, me ole mate and keep up with the story.

:D

[Minerbarejet]

Ramp 'em up, suck 'em in

Watch 'em get excited

Sell to 'em

:D
Thank you for the brief explanation of your Modus Operandi, Balance
Much appreciated.

[Balance]

Thank you for the brief explanation of your Modus Operandi, Balance
Much appreciated.

All good, MB.

Just as the Snakk and Pike River shareholders have thanked me, I know you do now too.

:D

[bonne vie]

https://www.nzx.com/announcements/310976

Price enquiry.Though the real reason it rose is I finally sold out the majority of my shares I have held since 2012

[Balance]

https://www.nzx.com/announcements/310976

Price enquiry.Though the real reason it rose is I finally sold out the majority of my shares I have held since 2012

Reporting in 2 days time so PEB better hope there is no surprise in their results of any shape or form.

Otherwise, will be bigger than a $500k fine this time round.

:D

[winner69]

Reporting in 2 days time so PEB better hope there is no surprise in their results of any shape or form.

Otherwise, will be bigger than a $500k fine this time round.

:D

Can't even be super excited about transformational stuff now can they Balance ....not even a hint of excitment or else the powers to be will be upset.

Going to be boring anouncment now

Strike one but strike two and you are out of the NZX

[Balance]

Can't even be super excited about transformational stuff now can yhry Blance ....not even a hint of excitment or else the powers to be will be upset.

Going to be boring anouncment now

Strike one but strike two and you are out of the NZX

Be fascinating if the NZX and FMA actually do their job and proactively investigate why the sp moved 28% on no news?

As in who were buying, why they were buying and what were they trying to achieve?

Could not possibly the underwriters. Too freaking obvious!

Ramp 'em up, suck 'em in and fill 'em up!

[When the bass drops]

Be fascinating if the NZX and FMA actually do their job and proactively investigate why the sp moved 28% on no news?

As in who were buying, why they were buying and what were they trying to achieve?

Could not possibly the underwriters. Too freaking obvious!

Ramp 'em up, suck 'em in and fill 'em up!

You're implying a form of insider trading?

[trader_jackson]

It seems the share price going up and having a few solid days (on solid volume as well) has got Balance all excited, with numerous implications of insider trading (or something illegal anyway)

Could just be that Mr Market is doing another DCF and thinking "hey, if they do break even and do what they said in their recent capital raise presentation, then 30 something cents is real dam cheap"
A "boring" announcement could simply be them reaffirming what they said in their cap raising presentation... remember that not price sensitive info released late feb 2016... that sent the share price from 40c on the 22nd of Feb to 66c just over a month later - makes the rise the past few days look potentially average, if anything, and that it could well continue its rise on the basis of "not price sensitive" information, such as results wednesday.

So them "complying" with various regulations could be them getting down to business (like the gaining of access to Veterans Administration in USA... just another tick in the box really)

But no... instead of that thinking Balance seems to be caught up in the "it must be insider trading" way of thinking (because how can PEB's share price rise from 5 year lows all of a sudden?)

Certainly interesting times... and, dare I say it, transformational times

[hardt]

Be fascinating if the NZX and FMA actually do their job and proactively investigate why the sp moved 28% on no news?

As in who were buying, why they were buying and what were they trying to achieve?

Could not possibly the underwriters. Too freaking obvious!

Ramp 'em up, suck 'em in and fill 'em up!

Only $160k traded today...

Quick-fire recoveries after a spout of bad news and down weeks has been PEB for the past 2 years... the only reason I got in.

I got out today as I see bad news continuing...

Then again, if anyone truly believes in the law of averages, surely it is time for PEB to deliver.

[Minerbarejet]

Be fascinating if the NZX and FMA actually do their job and proactively investigate why the sp moved 28% on no news?

As in who were buying, why they were buying and what were they trying to achieve?

Could not possibly the underwriters. Too freaking obvious!

Ramp 'em up, suck 'em in and fill 'em up!
So how far do you think it will go when there is some news?
Like KP
Like CMS
These have both been expected endlessly for what seems like a decade or two.
I suspect a leak in the KP or CMS pipeline, if PEB, as they state in their answer to the Speeding Ticket, are fully in compliance.
Either that or the market has got wind of something out of left field.
I think you can pretty well take it as a given that PEB will be announcing any and every thing they can at this point
And anyway this week sees the announcement of Facts regarding six months of operations, as required.

How the heck do you reconcile an assumed lack of information on one hand with "ramp 'em up " on the other. :confused:

and Winner did you get that cffoee out of yuor kebroyad?
Yuor kyes seem to be scutk.:)

[Balance]

How the heck do you reconcile an assumed lack of information on one hand with "ramp 'em up " on the other. :confused:



I think you are starting to get the picture!

[winner69]

Profit taking today?

[Balance]

Profit taking today?

You know the drill W69 :

Ramp 'em up, suck 'em in and fill 'em up!

Create enough ripples & action in the murky water, and the small fish, minnows and frys will be attracted and swim right into the mouths of the big fishes?

[Balance]

Could just be that Mr Market is doing another DCF and thinking "hey, if they do break even and do what they said in their recent capital raise presentation, then 30 something cents is real dam cheap"


38c so it has given up 18% since yesterday's 45c.

Man, that Mr Market must have a rather faulty calculator?

[Xerof]

Yawn

so it goes up on nothing.
speeding ticket gets a nothing to see here response.
market sells off on nothing

yawn

[Balance]

Yawn

so it goes up on nothing.
speeding ticket gets a nothing to see here response.
market sells off on nothing

yawn

No yawning matter with the little minnows on the site!

Selection of postings:

"About B!OODY time imo !!"

"Off to the races this afo, do we have a leaky boat here , hitting .40 yippee !!"

"This SP action has to stop. It must be very upsetting for one of our regular posters and throwing his mind into complete disarray."

"It's that evil 'window dressing'"

"I am quite tipsy with excitement. I hope Balance will bring us all back down to earth before I do something foolish!"

"Something exciting is on its way!"

Etc etc etc

'Em minnows sure get attracted by all the splashing by the big fishes, no?

Here's an smart one : "Happy with a good profit, sold out today at 44... "

[Minerbarejet]

No yawning matter with the little minnows on the site!

Selection of postings:

"About B!OODY time imo !!"

"Off to the races this afo, do we have a leaky boat here , hitting .40 yippee !!"

"This SP action has to stop. It must be very upsetting for one of our regular posters and throwing his mind into complete disarray."

"It's that evil 'window dressing'"

"I am quite tipsy with excitement. I hope Balance will bring us all back down to earth before I do something foolish!"

"Something exciting is on its way!"

Etc etc etc

'Em minnows sure get attracted by all the splashing by the big fishes, no?

Here's an smart one : "Happy with a good profit, sold out today at 44... "Do we count you as one of the big fishes, Balance?
You are sure making a lot of noise.

[Balance]

Do we count you as one of the big fishes, Balance?
You are sure making a lot of noise.

Would not let my cat anywhere near 'em smelly splashing fishes! :D

[When the bass drops]

Would not let my cat anywhere near 'em smelly splashing fishes! :D

Got to get that hook out of the corner of your mouth Balance. We'll put you back in, don't worry :t_up:

[Minerbarejet]

Would not let my cat anywhere near 'em smelly splashing fishes! :DGeez I'm tempted. But No. :D

[trader_jackson]

Hey balance, no worries, share price heading back down... you can come back on now with a bit more confidence in your posts.
Must be those dam underwriters playing with us again

[Balance]

Hey balance, no worries, share price heading back down... you can come back on now with a bit more confidence in your posts.
Must be those dam underwriters playing with us again

You must be getting excited, TJ?

Getting ready for your fix of transformatively growing progress turbocharged by ever more user programs utilizing several 'tens of thousands of tests' to burn cash tomorrow?

Join in the excitable excitment of the exciting start of PEB's commercial journey in its infancy!

[minimoke]

Join in the excitable excitment of the exciting start of PEB's commercial journey in its infancy!
Listed in 2003 but in 2017 Deloittes announce them as #20 in their Awards for fastest 50 companies.

Two obvious observations.
If that is fast, what is slow.

Would you trust a Deloittes audit?

[Balance]

And no SSH notices at all post the 32c rights issue to show DD or any of the executives taking up their 'entitlements'.

Very very very telling about how confident they are about the company's prospects.

Contrast that with another stock on the NZX which has risen 514% YTD where the directors and owners not only supported the company's capital raising but were prepared to pay a premium to the market price. Glad I followed them. :D

[whatsup]

And no SSH notices at all post the 32c rights issue to show DD or any of the executives taking up their 'entitlements'.

Very very very telling about how confident they are about the company's prospects.

Contrast that with another stock on the NZX which has risen 514% YTD where the directors and owners not only supported the company's capital raising but were prepared to pay a premium to the market price. Glad I followed them. :D

Bal. out of curiosity who is that, SKO ?

[Balance]

Bal. out of curiosity who is that, SKO ?

Serko indeed.

When the directors and management of a company show no confidence in putting money into the company, why would you?

This is the third time now that the directors have not put funds in during rights issue.

[Balance]

Listed in 2003 but in 2017 Deloittes announce them as #20 in their Awards for fastest 50 companies.

Two obvious observations.
If that is fast, what is slow.

Would you trust a Deloittes audit?

Ah, but PEB reckons they are only in the infancy of their commercialization journey?

[winner69]

I hope David has stopped using 'transformational' ....and is past being 'excited' .....like 'well positioned' really old hat stuff

Continued use of the same old words and phrases is a sign of boredom and almost an admission of not making any progress

something with hyper- in it sounds cool

[winner69]

Announcement later than usual - Must be getting a last minute look over by the legal guys before releasing the half year

Just in case they should have disclosed something the other day

[Xerof]

And then there's the hardy annual - "Thats a great question Chelsea"

I found it very frustrating that these people who ask the question, don't follow up with a more assertive question, when the answer they get isn't an answer.

Maybe someone needs to turn up with a Rottweiler

[winner69]

it's out and very suddued language on the first read

Did note they hit the ton this half year

[trader_jackson]

The big one coming next week is it?

Can't get my hopes up too high as PEB rallied 1st of November to a similar level, only to fall back down to where it was (33 ish cents) by 2 weeks later a couple weeks back, only to fall away the next week... however this time around there isn't a capital raising about to close and volumes are the highest in several weeks, people suddenly realize the annual results are announcement this coming Wednesday and want to get in "before it is [possibly] to late"?

As some will know (and unlike some others on sharetrader who demand apologies when, perhaps ironically, their own words are thrown back at them) I am all about accountability and 2 years ago I said something along the lines of "I would give PEB 2 years to get sorted" and then review - I am aware the half year results will pretty much signal this 2 year point. I had hoped PEB would be in a better position and confirm a couple more agreements than what they have done - maybe things are all coming together this final week, maybe "this time is different".... maybe it is all hot air... half year results and corresponding (and all important) outlook/update will hopefully give me and the market some sort of indication that they are on the road to cash flow positive and, ultimately, profitability...

Although I don't really know what to expect these days, hopefully for the HF18 I'll see revenue growing faster than expenses, operating revenue (hopefully) being around $4m, and net operating cash outflows not exceeding the low 9 millions. Would like HF18 revenue to be above 5m, but consider that in the cap raise presentation they seem to indicate a fairly weak number of lab throughput (ie small growth from the previous HF17)

Operating revenue $4.2m, not a bad one really.
Revenue growing much faster than (now) decreasing expenses.
Assuming no change to losses (8.9m for the half) coukd operate comfortably for over a year - surely that means something

[winner69]

Operating revenue $4.2m, not a bad one really.
Revenue growing much faster than (now) decreasing expenses.
Assuming no change to losses (8.9m for the half) coukd operate comfortably for over a year - surely that means something

so you remaining loyal for another two years

didn't collect much cash from their customers did they? Especially when you think that a fair chunck of the reported amount probably relates to research grants (corporate welfare?)

[hardt]

Receipts from Customers & Grant Providers

1H18 1,880
1H17 2,727

Net Cash Flows To Operating Activities

1H18 (10,185)
1H17 (9,096)

Might be a timing issue here, however it does not look good to be in an even worse position than last year.
Their receivables keeps growing year on year without ever being settled...