Annual Report 31 March 2014
https://www.nzx.com/companies/PEB/announcements/252211
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Annual Report 31 March 2014
https://www.nzx.com/companies/PEB/announcements/252211
Okay well it's fair to say that they are using a bit of smoke and mirrors here. Look how their wording has changed...
No mention of the capital raising generating enough cash to support the company until profitability anymore. Another capital raising in 2 years then folks?Quote:
The Board is comfortable that sufficient fundsare in place to support the next two years of the Company’splanned growth strategy.
What happened to the 5 year goal? Now it 'could only be worth up to $100mil'? DD is on record saying $100mil was a mid range estimate - looks like that has gone out the window. And 5 years times... they've been mentioning 5 years time for a year now. Should be 4 years time now. Bet next year it'll still be 5.Quote:
Evaluating haematuria (blood in the urine) in Americanpatients for bladder cancer is a significant market of scale andcould be worth up to US$100 million in gross revenue for ourCompany in five year’s time.
But wait, they then go on to say this... how confusing.
And what's happening with Australia and Spain? Talk about epic failures there.Quote:
Our goal of attaining a business with a gross revenue of $100million after five full years of trading remains our target andcontinues to be readily attainable.
So CxBladder sales were $145k - $95k in US
How many tests that
Directors fees were higher than CxBladder sales (just an useless bit of info)
Just had a quick look at the income statement. Revenue of under $1m????????? And the capitalisation of Peb is $251m. Are people mad?