PEB - Pacific Edge Ltd

[drcjp]

Question: was the prospect of this cap raise/underwrite bought up at the AGM? If not, why not? These things take a while to sort and the Board must have known.....

[Xerof]

The only ones in the loop are the board, C management, organising broker(s) and people who get info through 'chinese walls'. One or two on these threads in that category. Shareholders are the last to find out, as they are just 'flies' according to FB

Having said that it was patently obvious that this was coming, despite the Sergeant Schultz denials of management

[Balance]

Question: was the prospect of this cap raise/underwrite bought up at the AGM? If not, why not? These things take a while to sort and the Board must have known.....

https://www.odt.co.nz/business/pacif...enty-questions

Seems like plenty of good questions were asked but no real answers were given.

The question as to why Dunedin's Southern Health Board has not adopted CxBladder for use is very very very telling. Big red flag.

[whatsup]

Haha - guess that's what they are doing - selling A DOG - those who were/are 'spooked' into selling at 55c, 50c, and 45c and now, 36c.

3.865m shares sold today - underwriter is starting to get worried but imo, we will see 32.5c when the shares go ex-rights as there will be plenty who will pick up their rights 32c but sell on market at above 32c to fund this most untrustworthy of companies.

Then, we will see them ask why they want to throw good money back - so they invest elsewhere.



Underwriter is going to suck on this one.

Why do you say tha, Im picking circa .25 shortly based on past performance!

[Balance]

https://www.odt.co.nz/business/pacif...se-213-million

Some choice quotes in the article!

Excerpt 1 : "On the question of ``shareholder fatigue'', Mr McIntyre said if shareholders opted not to participate, they would see the value of their shares further diluted, given 66.6 million were being issued."

Comment : Bad advice! Shareholders would have been better off not to participate in the other capital raise as with every raising, the overall values of their shares keep dropping!

Excerpt 2 : "Forsyth Barr broker Lyn Howe said the cash injection was necessary and investors continued to require patience with Pacific Edge."

Comment : Patience? What wonderful advice from a broker!

Excerpt 3 : "Yesterday, Mr McIntyre said it ``came as no surprise'', Pacific Edge had to again go to shareholders, noting some ``earlier stage'' shareholders would be ``suffering capital raising fatigue''."

Comment : Wonder if he and his firm have been advising clients to get the hell out given 'NO' surprise.

[Balance]

Why do you say tha, Im picking circa .25 shortly based on past performance!

It's now a long 2 year wait to 2019 before the company expects to breakeven - means one more capital raise irrespective.

And based upon the company's past assurances, I think you are far too optimistic with 25c!

[Schrodinger]

Why buy @ 32c when you can get them at sub 20c?

[Balance]

Why buy @ 32c when you can get them at sub 20c?

The institutions and new investors who took part in the $8m placement this year will be wondering why they bothered - 30% down and now, they are required to put in more.

All in the name of 'pushing to cash flow positive!'

[blackcap]

The institutions and new investors who took part in the $8m placement this year will be wondering why they bothered - 30% down and now, they are required to put in more.

All in the name of 'pushing to cash flow positive!'

I am trying to figure out the motive of the underwriter... the last one, but also this one. Surely they are taking a huge punt at 32 because I think many are going to let their rights lapse, even if the sp is above 32 come "money" day. And trying to prop up the share price at 32-36 is just digging a bigger hole for yourself in my humble opinion. Or they do believe the story and think that 32 is a great entry point.

[Schrodinger]

I have a feeling insto's will be doing under cover unloading to reduce exposure.