PEB - Pacific Edge Ltd

**Balance** · 20-07-2018, 12:22 PM

Share price heading back towards 20c - entirely predictable, post 'conviction' buying leading to window dressing day 30 June.

Meanwhile, 3 months on from the April uopdate, still not one word from KP regarding the eagerly awaited and long negotiated agreement!

Well, the field is getting more crowded with more companies providing tests (their versions will always be the best - just as PEB reckons it has the best).

Here's the latest one : https://www.insidermedia.com/insider...ncer-test-firm

Big difference is the strategies to commercialize - PEB decided to go alone and has got nowhere, judging by the $120m spent so far to get to $3.4m of revenue in FY18.

$16.2m cash as at 31 March 2018 - less accounts payable of $3m = $13.2m to cover cash burn of $1.5m to $2m a month!

4 months on so PEB must now down to about $8 to $10m in real terms.

Rights issue inevitable - expect announcement at AGM in August 2018. With the usual promises of good things around the corner!

**silu** · 30-07-2018, 09:58 AM

So the "window dressing" was to get an American investor on board at 32c?!? Which brings me to the question - is there something we are missing?

**winner69** · 30-07-2018, 10:09 AM

Originally Posted by silu

So the "window dressing" was to get an American investor on board at 32c?!? Which brings me to the question - is there something we are missing?

Pretty good news eh

Always surprised they hadn’t asked the NZ Super Fund to take a decent chunk .....they seem pretty keen on risky investments with possible big pay backs

**kyanar** · 30-07-2018, 10:17 AM

Originally Posted by winner69

Pretty good news eh

Always surprised they hadn’t asked the NZ Super Fund to take a decent chunk .....they seem pretty keen on risky investments with possible big pay backs

Is it bad that whenever I see an email from Pacific Edge now the question that comes to mind is “how much have they diluted my already minute holdings this time?”

**RTM** · 30-07-2018, 10:33 AM

Originally Posted by winner69

Pretty good news eh

Always surprised they hadn’t asked the NZ Super Fund to take a decent chunk .....they seem pretty keen on risky investments with possible big pay backs

Really ? I hope that is a really small portion of their portfolio.

**Schrodinger** · 30-07-2018, 10:45 AM

Why now? Should have got USA money in earlier. $2.6M is pitiful..

The 32c raises the question why pay the premium. Interested to know if this company is going to follow on and bankroll them for further cash shortfalls. Might be a takeover/IP angle? US company sniping IP off NZ at a fraction of the cost is common.

**When the bass drops** · 30-07-2018, 10:59 AM

Nice to get some US money interest, but not overjoyed by it. We need the Company management to be more commercial and aggressive in dealings with these big US groups. We need Kaiser and the VA to sign a deal.