PEB - Pacific Edge Ltd

[Dentie]

You can have the opinion that DD a) has been dishonest and manipulative, or b) has understimated the time needed to get 'bank-able' cash sales into the accounts and was naive enough to claim numbers by certain dates which were easily falsifiable

It was Chris Swann who made the 10k tests claim (that seems to upset a certain poster on here so much over and over and over and over again). Mr Swann left 3 years ago.

Those that believe in what PEB has to offer humanity have moved on and are looking forward. Unfortunately, for reasons known only to them, some are still deeply intrenched by the above historic claim...and probably lost a few quid on it! Investing to any degree based on a forward looking statement which has even the scantest involvement in the US economy - is speculatory at best!

[Drew95]

It was Chris Swann who made the 10k tests claim (that seems to upset a certain poster on here so much over and over and over and over again). Mr Swann left 3 years ago.

To be fair DD (foolishly IMO) did mention $100 million of billable tests in 2019, and billable tests only amounted to $14 million.

[Minerbarejet]

To be fair DD (foolishly IMO) did mention $100 million of billable tests in 2019, and billable tests only amounted to $14 million.

Yeah 14 million and all done without guidelines or regulatory approval.

Begs the question doesnt it.

What will be the effect of having the product installed in the guidelines and full regulatory approval?

Gaining just 10% of the monitoring market alone will take care of any 100 million and then some.

[Drew95]

Yes. Damned if they do (uses up cash quicker, until LCD comes through). Damned if they don't (won't meet guidelines).

[kiwidollabill]

I agree Dentie. I work for a company that used to make big claims about making it big in the USA, but never did. Their saving grace was a) they were smart enough to stop making public such claims early on b) they didn't put falsifiable numbers against the claims c) they managed to be very successful elsewhere. This company also develops disruptive products, also started around 2005, has never broken even, and has spent around $3000 million to date. A lot of things that are very similar (but not identical) to PEB. Oh yeah. That other company has a market cap of $6,000,000,000 plus!!

I think I can guess the company....

[Balance]

It was Chris Swann who made the 10k tests claim (that seems to upset a certain poster on here so much over and over and over and over again). Mr Swann left 3 years ago.

Those that believe in what PEB has to offer humanity have moved on and are looking forward. Unfortunately, for reasons known only to them, some are still deeply intrenched by the above historic claim...and probably lost a few quid on it! Investing to any degree based on a forward looking statement which has even the scantest involvement in the US economy - is speculatory at best!

Nonsense.

Plenty of companies raise money by the billions of dollars in the States on forward looking statements - and succeed in the States.

PEB not succeeding is due to its bumbling directors and management.

[Balance]

After 9/11 happened, in circa 2002/03, the leaders of the US & the UK (especially) took it upon themselves to announce that Iraq had WMD's.

That was the catalyst for an allied invasion that killed about 500,000 people and decimated much of the main infrastructure...hunting down Saddam Hussein...and who also paid with his life....https://www.bbc.com/news/world-middle-east-24547256

Contrary to what Messer's Bush and Blair had us believe - there was no WMD's...https://www.theguardian.com/world/2004/oct/07/usa.iraq1

Despite the carnage to men and buildings...nobody has ever been punished and the disgusting episode has faded from most people's memories a long time ago (except probably for the Iraqi people who are left!).

My message is: If the world can manage to forget re-telling the aforementioned atrocity and forgive Bush & Blair - when will PEB's critics get over their personal crusade against DD & CS etc by re-telling & re-telling & re-telling something that happened 5 years ago?

There has been yearly AGM's whereby there has been an opportunity to oust DD and he is still there because people are obviously ok with him being there. The whole Board and management clearly underestimated the sloth like movement of the US's health system...that was their only sin that I can see.

PEB finally look like they are on the cusp of realising some financial potential...let them get on with it in peace!

Difference of course is that Bush & Blair are both out of the picture, and suffering from the odium of being failures when it comes to Iraq & the Middle East - they cannot do any more damage.

DD & PEB are still around and newbies deserve to know that they have failed to deliver on numerous milestones and have made very bullish, misleading statements & comments to get ever more $$$$ from investors - with nothing but plenty of losses to show.

That, Dentie - is the reason why the market must be kept fully abreast of what promises, comments, undertakings, forward statements etc PEB & DD have made - so that there's a fully informed market.

[davflaws]

DD & PEB are still around and newbies deserve to know that they have failed to deliver on numerous milestones and have made very bullish, misleading statements & comments to get ever more $$$$ from investors - with nothing but plenty of losses to show.

That, Dentie - is the reason why the market must be kept fully abreast of what promises, comments, undertakings, forward statements etc PEB & DD have made - so that there's a fully informed market.

Yup - and it is important that you keep saying so. But maybe perhaps not quite so often?

[Dentie]

Difference of course is that Bush & Blair are both out of the picture, and suffering from the odium of being failures when it comes to Iraq & the Middle East - they cannot do any more damage.

DD & PEB are still around and newbies deserve to know that they have failed to deliver on numerous milestones and have made very bullish, misleading statements & comments to get ever more $$$$ from investors - with nothing but plenty of losses to show.

That, Dentie - is the reason why the market must be kept fully abreast of what promises, comments, undertakings, forward statements etc PEB & DD have made - so that there's a fully informed market.

The "difference" was only achieved by one being forced out - due to the Constitution of an 8 year term and the other due to being forced out by his own party. The question is...what "punishment" have they had to endure or undertake for their terrible decision making?

DD is still there because he obviously has the support of the shareholders and the Board. There is an AGM coming soon....we'll see if he still enjoys the shareholders' and Board's support eh?

The bigger mistake (IMO) was trying to go to the US market in the first place.

[Minerbarejet]

Balance, I have a suggestion.
Why dont you buy a few, (if you havent already) and then you can go to the AGM and hold everyone accountable face to face during question time.
Its in a few days so you had better hurry.
Looking forward to hearing from you.
This is not to be considered financial advice but rather a possible means to the resolution of your apparent problems.