So at 19 cents who is ready for the next capital raise??? Balance you must be ready with your wallet???
Yup - with the value of shares I sold at a huge multiple to 19c, I reckon I will be able soon to buy back at least 4 or 5 times the holding I sold - if I am so inclined.
Meanwhile, those who swallowed the tales of 'several tens of thousands of tests' several times over & dodgy accounting of sales will soon get the opportunity to (yet again) put in more funds to support yet more user programs and the salaries of the highly paid marketing & promotion EVPs, SVPs and VPs iin the USA - who have sold bugger all but user programs.
My feeling a 'retrenchment' will be to change the business model, same to what I described a few pages back, they form an outsourcing agreement to Quest/LabCorp and just collect the royalties. The US lab will be shut down, most of the commercial team made redundant, but more of a chance to be cash +ve and may grow steadily with a US partner. If they cant raise more cash on the current story their hand may be forced to do this or call in the liquidators.
I would really be astonished if an oursourced strategy hasn't even been considered at PEB.....
Last edited by kiwidollabill; 18-10-2019 at 03:32 PM.
Have a look at the Serko thread and see how a properly run and well managed company raises capital (at ever increasing issue prices - 84c, $2.75 and $4.04) to fund its growth.
Weep, remaining PEB shareholders - for you have been sucked in by an illusion company promising US$100m revenues and 'several tens of thousands of tests' - year after year for the last 5 years!
A company which will shortly be asking you for yet more money to fulfill its 'promise'!
Not according to PEB and PEB's 'soon-to-be-underwriting-yet-another-capital-raising' institutional shareholders - they declare the bonus shares as a huge vote of confidence by executives who readily accept the shares-in-lieu of cash!
Same directors and CEO who never fronts up with their dues when the company raises capital!
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