Originally Posted by
Balance
Thanks for your concern, Miner.
Let's take a breather here and review, shall we?
Any company which lists on the NZX, NZAX, ASX or any exchange do so with the primary intention of facilitating the flow of capital :
1. Raising new capital
2. Allowing major shareholders freeing up their capital by selling shares
3. Liquidity - shareholders buying or selling shares.
A public listing also means getting profile and interacting with the market.
The company and its management can expect to be scrutinized very closely by the market. That is the essence of the quid pro quo relationship between a listed entity and the market.
More so in the case of a company like PEB which has been churning out the 'good' news - resulting in the company enjoying spectacular share price appreciation, enabling it to raise new capital ($40m in the last 2 years) and allowed some major shareholders and management to realize huge gains.
People like me will hold the company to account to provide follow up and evidence of the good news - how are they measuring up against the expectations, forecasts, statements, utterances etc they have made to the market. It is in the nature of all companies that they will play up the 'good' news and downplay (or even skirt) the bad news.
You will note care is taken to refer to what PEB and management have stated, said, presented etc before I give my opinion.
If the company and its management cannot stand up to scrutiny and are thin-skinned, then it is their right to bring action against me and I have my QC ready to take them on - that's life. The question for them is how they will stand up to my scrutiny in court. And that applies to all posters posting here - are they ready to fight the good fight with companies and their management when they post here.
And yes, it is highly likely that PEB (and some other companies, especially the smaller ones) reads ST and the postings here. And yes, I suspect that some of them probably plant postings here as well via various means - eg. having posters of their own.
Hope that clarifies the situation.
Have a great weekend and enjoy the lovely weather!