PEB - Pacific Edge Ltd

[skid]

It happened a while back--doubt if it was a disgruntled share holder--maybe they pay more attention to companies who have made announcements and had to retract them because of a mistake--I would venture to say that other NZ companies would have had the experience to not have fallen into that trap--Trading halt--remember?--pretty basic stuff for a listed company.

Anyway -water under the bridge now

PS-fair enough on audit comment--

[Xerof]

Its a very good point Dentie - who knew they delayed announcing? I remember there was comment at the time about what rotten luck it was for "shareholder X" selling just prior to such good announcements. My memory doesn't go beyond yesterdays breakfast menu when it comes to names, but it's probably still on the threads. Anyhoo, I suspect their broker got it in the neck for not having the "right" information ahead of the rest of us

[TimmyTP]

Remember, in the eyes of DD et all 'successful commercialisation' is bringing a product out of the lab and getting it used. That's what gives them their thrills. Profit does not come into the equation.

Probably with that mantra corporate governance is low on the list of priorities as well

This has reminded me I never thanked you for your recommendation, somewhere on this forum, for John Kay's book Obliquity. I wonder if his recount of James Black's history will turn out to be relevant here. Regardless, thank you for pointing me in that very interesting direction.

[skid]

A question for you accountants out there -Is-knowing that they have around 12mil in cash enough to get a rough idea of how they are doing--I realize we dont know if they have collected anything owed but still an approximate guess?--In terms of additional sales etc.

[winner69]

A question for you accountants out there -Is-knowing that they have around 12mil in cash enough to get a rough idea of how they are doing--I realize we dont know if they have collected anything owed but still an approximate guess?--In terms of additional sales etc.

skid - you seem pretty clever sort

Here is your homework

Below is a shortened form PEBs Cash Flow statement for H1 showing how they went from $20m cash to $14m. You fill in what the numbers for H2 might be and fiddle around with them until you get $12m (the red numbers are cash out)

The numbers I have put in H2 are all the same as H1 except for the Cash from Customers line. If everything is the same then that has to be $3,400k ($3.4 million). Good eh (Not my estimates but just put in to show you how it might turn out)

Have a play around with a few numbers and see what you get - like if expenses are less cash from customers could be more. We'll make an accountant out of you yet mate

Note - Cash from Customers does not always equal reported Revenues (Remember that debate)

All in $000

[Tsuba]

When is MAC and Shnaps aloud back on deck ?

[Xerof]

You could take that number in two different ways:

1. they have 12m in cash NOW
2. in 2013, they raised funds from investors, and 'allocated' 12m for marketing, of which we don't know how much is left

It's another of those 'tens of thousands of TESTS' comments, which was taken to be SALES by those with a fail grade in basic comprehension

one more sleep

[Xerof]

Winner, nice lesson

Expenses are most probably a lot higher, due to ramping up of staff in USA? 3,400 therefore would be conservative

but see my last post re the voracity of the 12m cash figure assumption!!

[Minerbarejet]

Its taken all day but there is a FOMO trade at last.

[Mista_Trix]

Tight ship.

No volume either way.