Yes Miner the Guinea Fowl and I agree 100% with you on that.
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For those that care
http://www.uhsurology.com/CLINICAL-TRIALS.aspx
dont worry guys--things will settle down to chickens and peacocks in a while--
just gotta figure out how ta move dem color tvs first (just dont have the same ring when you substitute bladder tests)
Taint fair -dats fer sher-dat der Amerikin market - dag Nabbit!!---We shud put dem in dose boxes of cerial or dem dar vending masines--or somthin like dat!!
OK, a lot of us seem to be disappointed of yet an other capital raising. As balance has pointed out this is in contradiction to what PEB made us expect when the last CR was carried out. Although I am disappointed like so many others, I still think DD has a value-able part to play in PEB. He seems a very capable scientist to me.
However we should not expect to much of one person and PEB needs the right person to take care of the commercial success of its products. To me it seems to be the job of the board to facilitate this and if the board is not able to do this then it is up to the shareholders to change the board including the chair.
Has that time arrived?
At the last capital raising the the mood of the affected parties was completely opposite to this one. There was a serious degree of elation over the signing of Fedmed, Americas Choice, Stratose and the offering was oversubscribed.
The offering was pretty much entirely about getting traction for detect and various members of this thread, including some who are a tad disillusioned, were extremely happy to get a bunch of shares at 55c with the (head) shares at roughly double that.
Things have changed. Now there is doom and gloom as things arent quite as easy as first thought. In addition there have been two needs identified that require a fairly rapid response. One is to launch Triage in the States and the other to get a foot in the door in Asia. Neither of these got much if a mention in the last CR as there was no idea as to when triage might get accepted and published.
This is relatively new. There is also the extended delay with CMS signing which may or may not be the result of anything PEB has or has not done. We need better guidance on that one, thanks Dave.
Socks ain't tests and tests ain't trousers or shirts.
Forget about PEB getting 2% of the market, let alone 20%. The slow uptake of CxBladder in NZ, Australia and Spain (after the years and millions spent to show $120,000 of sales in 2015) tells you all you need to know.
As for the FMA, if the shoe fits, wear it. I have not been taken in by their misstatements - you and a few others obviously have.
Maybe, you would like to go through how the first rights issue would take them to profitability, how at the AGM last year, there was plenty of cash left for 2016 etc etc again?
Or with Kaiser Permanente? How results were going to be early 2015 and with no updates between announcements, suddenly it's now going to be much later?
Your call.
Ask Dave to give better guidance on the number of tests done in the States, the conversion rate from user program to actual sales and the price per test achieved. That would be a good start, don't you think?
My assessment is that PEB is burning through the cash, hiring staff, doing the user programs, getting bugger all take up and any take up is at low rates (not US$300 a test) - hence PEB is terrified of disclosing any real numbers.
Easier to talk about exciting opportunities and raise more capital to keep burning cash, hoping for a breakthrough.
Deal with the here and now, rather than the 'exciting opportunities to exciting new markets with excited doctors and urologists.'
Dear Mr Balance,
Due to the constraints of time imposed on me by family matters, cooking and housecleaning duties, a need to paint the eaves and other woodwork two stories up and general yard maintenance, could you be so kind as to provide a link directly to the source of your information, if available, whenever you post allegations that may be worth following up.
This would help immensely for not only myself but others who go onto google for something and end up on a wild needle chase looking for a goose in a haystack.
I dont think I would be the first person to go onto Google and get sidetracked to the point where you forget what you went there for.
Advancing years may have something to do with it as well but in the meantime we will put it down to exploration.
Thanking you in advance for your cooperation in this matter,
Yours sincerely,
Miner
I have no need to go to the FMA because I don't think DD et al has done anything to warrant it. You're the one appearing to claim DD has been lying to (misleading?) the market.
I firmly believe that at all times of their decision making and subsequent announcements to the market, DD & CS have genuinely acted on the facts and information available to them at those particular times. I also believe that agreements and intentions entered into with other parties are done so in the best of good faith at the time. Despite this, as anyone who has been in business will know, events can (& do) happen that are out of any and all the parties' control. Missing deadlines and changing circumstances etc happen daily for thousands of people. Please let me know if you want examples of this Balance....
I always see the letters "DYOR" on all threads and forums ... and for good reason. We all think differently, we all have different tolerances, we all understand the facts differently so it would be foolish for people to invest their money - based on someone else's research or someone else understandings of the facts. To be open about this, I am happy to disclose that I de-risked from PEB many months ago. Having said that, I still have a hefty weighting of my portfolio in PEB. That was done based on my own interpretation of PEB's situation. If I am wrong and I lose every part of my investment - then so be it.
At this point I am still a big believer in what they are doing. I have booked my flight and accommodation to attend this years AGM - as usual, and am looking forward to listening to the Q & A session.
In the meantime Balance, if you are not prepared to go to the FMA (or similar regulator) to inform them of your strongly held concerns (which you are happy to warn all of us on here of), I would understand how some newbies may lose confidence in your credibility.