Only time will tell.
And my contribution or "losses" will be tax deductible. Because I am subject to Capital Gains.
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No one has given commentary on their wonderful report. Lots of big words and exciting stuff, just no real increase in turnover............ Yet as mentioned by many positive posters including myself when I had rose tinted glasses on ( for years )
I see PEB and my few other biotechs (all on the ASX) as speculation, not investing.
At circa 3% of my portfolio that's OK.
They will never have traditional growth curves.
The process is always (at least) twice as long and twice as expensive to get FDA approval (or similar, as in this case ), or commercialisation as you'd expect, even based on the most conservative estimates.
If PEB completes LCD inclusion and gets full reimbursement for CMS tests done to date, and does a similar amount of CMS tests per year @ USD$760 x 15K = NZD $17M and have a similar amount of business in NZ and other markets per year as they do currently, they'll grow revenue by circa 8X.
So imagine what the SP would be with that revenue, plus the future potential?
Investing in PEB is easy.
Either (a) put in a sum you're willing to risk, forget about it and hope it becomes your winning Lotto ticket eventually.
Or (b) say you don't accept the risk of this type of firm, so don't invest.
Or (c) invest, then get angry and anxious like most disappointed investors here.
There are two good options.....
Does anyone out there have any idea what this company would be worth if they managed to convince:
1 person in a hundred in the United States
of the 800,000 who are being monitored for recurrence of bladder cancer
have had surgery and after two clear rounds of monitoring cystoscopy that a CXBladder Monitor test would be a heck of a lot more comfortable, time saving, cheaper, just as reliable and could be used over the following 4 years of monitoring as set out in clinical guidelines?
1 person in a hundred
Raises the question: "What are the other 99 going to do???"
Be uncomfortable, waste time and cost more. A lot more.
Also raises another question: "What is that 1 person in 100 going to do?"
Going to tell others with the same problem and with the internet it could spread very rapidly.
And what are the other 99 going to do when they find out??
And that is an insult to PEB that is trying to provide better outcomes for people with serious cancer based problems rather than being a vehicle for removing prepaid welfare funds from the gullible and back into the Govt coffers.
For goodness sake, Balance, keep up.
We are nearly there.
Just a few more million should do it.:)