AGM underway.
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AGM underway.
IMO good update from meeting, voting underway but no fireworks expected here.
Peter Meintjes impressed me at the meeting as confident, intelligent and knowledgeable and to have a clear strategy for growth. It was obvious from his comments there is a great degree of complexity to be navigated in the US market but, in conjunction with the equally impressive David Levinson on the US side, I feel the company is in very good hands and the future is bright.
It was especially pleasing to hear the chairman state that the company believes it has sufficient financial resource to take PEB through to cash flow positivity and profitability without requiring an additional capital raise.
Agree. Also that was actually quite a positive comment they made in regards to being less so focused on what SP is doing and more focused on building revenue. Which is entirely correct, SP will naturally follow. actually has created quite the buying opportunity for new investors to get into PEB at a greatly reduced share price from where it was recently up at 1.5. To be able to enter well below last CR. The timing of the general markets has done this. However the upside potential for PEB is still solidly in place. Will be interesting to see how market/ SP responds to this. Probably go neither way, people seem to wait until more solid news then SP spikes. Might be a good idea to take this current SP as a top up level, or entry level. Cant see why it would decline from the meeting results, so either bobble around where it is and gradual increase as people feel more confident and buy back in. Then jump in 20% increments on updates when progress follows.
Tranding halt announced
Pacific Edge Limited ("PEB") - Trading Halt of Securities - NZX, New Zealand’s Exchange
NZ RegCo advises that, at the request of Pacific Edge Limited (“PEB”), it has placed PEB ordinary shares in trading halt. The trading halt is effective from market open today.
The trading halt has been placed pending an announcement from PEB.
The trading halt will remain in place until a further announcement from PEB on Monday 1 August 2022, with trading expected to resume at market open on Monday, 1 August 2022.
Some REALLY BIG NEWS on the way .... or a takeover at $1.50 a share
Trading Halt can't be for bad stuff
Well unless someone told a big lie it can't be for a capital raise. Interesting.