PEB - Pacific Edge Ltd

[calledone]

You are wrong of course.

$5.00? That was only the first stop towards $10.00 at least imo at that time.

That is until the failure to clarify & substantiate the 'several tens of thousands of tests' comment by the then Chairman Swann & the selling of shares by DD (twice) & the chairman after the very bullish comments, remember?

And the Huljichs & Masfens took the same opportunity to sell heaps of their shares as well on the back of the spike in the sp following the Chairman's extremely bullish comments?

One of the most disgraceful episodes in NZ's corporate history imo.

Is this something that happened in 2015?

[Balance]

Is this something that happened in 2015?

Dec 2013 when Swann made the comments & share sales by insiders took place in early 2014.

https://www.odt.co.nz/business/pacific-edge-business

“ ..... several tens of thousands of tests” in 2014 & US$100m revenues in 5 years.

Fast forward to 2020:

16,861 tests done in FY2020

Revenues NZ$4.4m

[calledone]

Dec 2013 when Swann made the comments & share sales by insiders took place in early 2014.

https://www.odt.co.nz/business/pacific-edge-business

“ ..... several tens of thousands of tests” in 2014 & US$100m revenues in 5 years.

Fast forward to 2020:

16,861 tests done in FY2020

Revenues NZ$4.4m

Looks like they were off by about 10 years haha! 100m might be possible by 2025 if new markets open up and US market is tracking according to plan without any major headwinds.

I noticed their cxbladder tests can now be bought online by anyone locally. Thought that was an interesting development. https://order.cxbladder.com/index.ph...&product_id=50

[Balance]

Looks like they were off by about 10 years haha! 100m might be possible by 2025 if new markets open up and US market is tracking according to plan without any major headwinds.

I noticed their cxbladder tests can now be bought online by anyone locally. Thought that was an interesting development. https://order.cxbladder.com/index.ph...&product_id=50

That's all in the past of course - what's important is how PEB is going to fare going forward with 2020 being the year of the reset imo.

2 things which will drive the sp in the next results = reimbursement of the US$40m tests done but not paid & how many tests done since the LCD was obtained.

Comfortable to hold until then.

[shwatch]

PEB NZX Spotlight video this month
https://www.youtube.com/watch?v=NEwC4n8CWWc

[jridler]

That's all in the past of course - what's important is how PEB is going to fare going forward with 2020 being the year of the reset imo.

2 things which will drive the sp in the next results = reimbursement of the US$40m tests done but not paid & how many tests done since the LCD was obtained.

Comfortable to hold until then.

Sorry Balance, could you remind me where this $40m figure is coming from for the potential CMS reimbursement? There are 22,000+ tests which they are negotiating reimbursement for, and the agreed price per test from 1 July 2020 is US$760 per test. I can't quite tie up the $40m figure that seems to be bouncing around.

[Balance]

Sorry Balance, could you remind me where this $40m figure is coming from for the potential CMS reimbursement? There are 22,000+ tests which they are negotiating reimbursement for, and the agreed price per test from 1 July 2020 is US$760 per test. I can't quite tie up the $40m figure that seems to be bouncing around.

https://businessdesk.co.nz/article/c...-administrator

Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas.

[Balance]

Sorry Balance, could you remind me where this $40m figure is coming from for the potential CMS reimbursement? There are 22,000+ tests which they are negotiating reimbursement for, and the agreed price per test from 1 July 2020 is US$760 per test. I can't quite tie up the $40m figure that seems to be bouncing around.

https://businessdesk.co.nz/article/c...-administrator

Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas.

[Sgt Pepper]

"Hello is that Novias? its PEB here could you pay us $40miilion?
Novitas: "do we have to?"
PEB: "no"
Novitas: "Goodbye"

[Minerbarejet]

So the conclusion we can come to with all that is that any competitor looking to enter the field would be obliged to stump up some 20,000 odd tests free of charge to get recognised.Would be a big ask, that one.Might look at the NZ US exchange rate as an indicator as to the amounts but it does seem that 40mill is a bit high.