I wonder who is still buying at these prices, its like a merry-go-round of people taking turns to lose money.
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I wonder who is still buying at these prices, its like a merry-go-round of people taking turns to lose money.
In at 78, out at 41... Lesson learned: there be crooks.
If I lost any money in PEB, I would certainly be following it up with the NZX and FMA.
PEB has issued statements which were blatantly incorrect and deliberating misleading (sales which are actually fictitious based upon generally accepted accounting practices) and I am astounded that the auditors have allowed the accounts to go through.
I am sure that some of the cheerleading posters here (who are deadly quiet now) would not have posted some of their comments (eg. no free tests - even user program tests will be paid, accounts receivables are only a matter of collection etc etc) unless they have received some assurances from the company, directly or indirectly.
The institutions will not take action because they will look like fools - and it's not their monies anyway.
https://www.nzx.com/announcements/318977
Smartshares getting out - only 20m more shares to go?
TIMMMMMBERRRRRRRRR ....!!!!!
I would have to agree. The recent change in accounting reporting would have been very hard for an average investor to understand. Also the previous revenue reporting was misleading (not contracted - guaranteed revenue) which gave a false impression of growth.
The NZX is trying to grow their business and this awful auditing/reporting hurts the market.
Current PE of 0.7c imo. Buyout target around 3c, as I've stated before.
At NZ$14M buyout, rationalise staff and grow what they have, it would be a viable good going concern.
Will that happen?
PEB has done a huge dis-favour to the whole biomed and biotech industry in NZ.
Companies complain often bitterly of lack of access to capital in NZ to develop and commercialize products which is true.
PEB has had access to plenty but instead of being a poster boy of what can be achieved (eg. CSL & Cohlear on ASX), PEB has showed itself to be an unreliable and untrustworthy company to invest in.
Real shame for NZ.
Shame on PEB and the directors and DD.