All good I've deleted my post but I see Miner has also quoted it but thanks on behalf of many:cool:
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I would if I could,but am not able,as I do not hold any PEB shares. ..............
Ever thought of standing for HNZ board? ..............lol.
PS.I am pleased to see both you and Couta1 are acting as the gentlemen that both of you are.
Makes a very pleasant change to this thread.
Yep-They could be completely wrong on everything(seems weird they would even get the cash for 2014 wrong as that has already happened)--If this is the case Ill be baffled at the fact that something so detailed would be way off--still not totally convinced but we will see soon enough--suppose the projection of the kaiser is the most important factor in the report.
There's a few rumours floating around as to why they might have extra money.
#1 is that they've started selling advertising space on the boxes of the free kits they were handing out which was snapped up by the large pharmaceuticals.
#2 Is that they've actually patented a new process for constructing the cardboard boxes for the free kits they hand out, which is so efficient they're making a killing selling the rights to pizza shops.
#3 Is that DD is renting out his Lambo and holding fundraising BBQ's with all proceeds going to PEB
#4 Is that they're actually starting to make some real progress :scared:
Would you like salt on you eggs this morning Miner?
Because it points towards incompetence of the management (they are getting audited as well)--This is not an isolated incident--you can choose to ignore it if you like--You may have noticed that companies that dont make screw ups,dont get the crap kicked out of them.
How many other shares on the NXZ have had a similar public warning .(resulting in a $500,000 compensation)
If the results are great then IM sure things will be tickity boo-but if not you may want to seriously question whether management is capable of properly selling a great product to the market without more screw ups.
Remember, in the eyes of DD et all 'successful commercialisation' is bringing a product out of the lab and getting it used. That's what gives them their thrills. Profit does not come into the equation.
Probably with that mantra corporate governance is low on the list of priorities as well
I'm amazed at the sheer number of sites that appear on the net (via Google alerts) when there is perceived "negative" based announcements like yesterday's....compared to just a few sites when there are "positive" based announcements.
In fact, it is the same with the TV news each night....they always start with wars, floods, earthquakes, airplane - train and car crashes, tornado's, murders, child molestations etc etc etc and then - if there is room at the end, they might mention about some of the good things happening.
It's like we are constantly looking for reasons not to do something instead of why we should do something.
oooops, am I off topic here?
Stop being a sensationalist Skid. You make it sound like the audit has been imposed on PEB. Yesterday's announcement reads...
"Meeting continuous disclosure obligations remains a priority for Pacific Edge’s Board and management and it has since undertaken an audit review of processes and policies and implemented recommendations".
The announcement also included...
"This approval requirement, which Pacific Edge has been advised is usual practice in the US market, led to a delay between signing of the agreements and disclosure to the NZX".
I wonder how many other NZ companies have fallen into this trap and, importantly, whether the FMA have investigated those companies?
I also wonder what sparked the FMA to investigate in the first place? Was it a disgruntled shareholder who sold prior to the big climb who was upset at missing out ... sort of like "Find anything you can to justify some compensation".
Next time the price drops like a stone, maybe I'll go to the FMA ....