This doesn't need an explanation. You can see for yourself what the punters think of the SP and where it might go to. Or it could bounce at around $0.62. Who knows?
Attachment 7381
Printable View
This doesn't need an explanation. You can see for yourself what the punters think of the SP and where it might go to. Or it could bounce at around $0.62. Who knows?
Attachment 7381
I was genuinely saddened to read this post Balance and has taken me a few days to think about replying to it. As I have stated more than once on this and other threads, it is not always about the money.
I am sincerely happy for your followers that you managed to warn them about your views on Pike River and how those views evidently saved them from losing money. It is fortunate they got their money out prior to the collapse. However, I wonder whether you also supplied your views on the company to those in the company who would have ultimately profited the most? Given the events, I suspect you didn't.
I posted this because I (& plenty of others) am so tired of your sanctimonious "historically based, know-it-all" comments against those investors who are simply posting their tireless research and opinions for the benefit of all of us to read. I thank them very much for doing so. If we get it wrong on the day, then so be it. That's what freedom of speech and freedom of association is all about and that is why it is ingrained so steeply in our Bill of Rights.
There is a quote that goes something like "There is nothing safer than a ship in port...but then, a ship was never designed to stay in port". Pretty apt I reckon.
I think I will call it a day on here. Happy investing everyone...
In my case thats not completely true Tsuba--Once we start getting signs that they are implementing a successful strategy of selling their product then I would seriously consider jumping on board--But Im sure you can see why many are holding off for now.
I think it would be unrealistic to think that once the capital raising has closed -that the SP will not drop to compensate(unless something comes along to help in the way of news)
Its just simple maths--If the shares have been diluted by 16% then all things being equal,it should fall(not necessarily by that percentage)
Ofcourse things could get difficult if the market is offering lots of shares at less than the .61 (hopefully for the companies sake that wont happen)
That does make a possibility of the 50s,but as long as the cap raising is successful,thats the important thing for the company.
They must be preparing for an all out assault on PR and salesmen or a takeover to be going for that amount of dosh(valued @ 200mil its like 1/6 of the value of the company)--(some value lower)
So its probably one of the more difficult phases in the life of PEB
But for those avid supporters ,this is a chance to put your money where your keyboard is:)---and in many ways that is what is fitting
For new investors it certainly should come with a disclaimer--(its become more speculative at this stage,even though the product is 'settled in'')
Its true Dents -Its not only about the money--But that is how the economy ,for better or worse,does work--Its how a company is valued and how it achieves success. without it PEB will surely crash and burn as any company would.
In many ways ,its the root of tremendous injustices(like life saving meds for poor Africans)
If we were in a purely socialist world then why not adopt CX--Its the best around at this time.
But instead we live in a world far more complicated. A small percentage hoard most of the money at the expense of the rest.
The rest of the system is left with difficult decisions on what to budget for and against--(do we fund this product which means cutting others(people die)
This is especially true in the USA where capitalism rules--The wealth is not distributed fairly and many suffer as a result--but thats what we've got to work with in this case and somehow PEB has to make this work in that framework.
So for those who believe in the product(like me) and also believe they have what it takes to sell it(jurys out for me) or want to support regardless-then pile in to that cap raising--I hope you do--I want the story to continue and eventually reach success. But it does carry a very real element of risk so new investors should know that.
Meanwhile I try to keep thinking a bit out of the box--like is it the Urologists who do the cytology(cystoscopy)--are they set in their ways and are they reluctant to give up their specialty to come over to a test(even though its better?) I dont know the answer to that but its worth investigating----(In terms of targeting doctors instead who can easily order the test,with less skin in the game to protect-for the first screen(thats why Im miffed that traige was'nt first off the blocks.)
Since the cap raising is for holders only then I say go for it---if your buying up to be a holder to take part ,well...theres a bit more to consider..
For those of you on this thread who are reasonably new to the world of Pacific Edge and the accompanying and ongoing angst that it seems to have generated, please be aware that there is a great pool of investors out there that dont come anywhere near this thread. There are more and more previous posters leaving, (myself included), and will take up positions elsewhere to share ideas and experience. Also please be aware that there is a lot more going on in the background that has not even been faintly discussed here but undoubtedly will be revealed in due course. As always do your own research and make your decisions with a proper financial advisor if need be.
Always keep a salt cellar nearby to sprinkle over this tasteless thread.
Au revoir
Miner
Baabaa, chart just shows how irrational the market can be
As Keynes said “The market can stay irrational longer than you can stay solvent.”
But then again MAC says price always reverts to true value, and the intrinsic long term value of PEB is increasing day by day as each exciting initiative comes to fruition