Thanks, etrader - glad some took heed!
There were enough red flags raised on PEB, its board and management in the last 4 years to line up half of Auckland's Queen St - failure to reach milestones, misleading statements, capital raising one after another, misleading accounting of sales and receivables, inadequate disclosures etc etc etc.
Critical question now is - where does PEB go from here because the clock is ticking louder and louder on the cash running lower and lower, month by month.
Here's FNZC view (bear in mind that FNZC is a shareholder) :
http://www.scoop.co.nz/stories/BU181...cific-edge.htm
Much will now depend now on whether or not PEB can get one of its 'transformative' customers like Kaiser across the line before it needs to raise the cash (no maybe, PEB has to).
If PEB does, I think the sp will spike above 50c and the company will get its funding - most probably from North American sources like Manchester (as suggested in article).
If not, tick tick tick .........