PAZ Pharma Zen

[Joshuatree]

It has been kindly pointed out to me ,by former poster MiniMoke,that note 1 at the bottom of page one of PAZ's interim result, seems to have been over looked by some.
1
Trading EBITDA is Earnings before Interest, Tax, Depreciation, Amortisation, and any costs associated with
the $14 million capital raise in January, when CIBUS joined the share register. The accounting treatment of
these costs and the related investment is still being reviewed with the company’s auditors

Excellent,thanks for that guys.

[Entrep]

Alot of bids now around 75c lol, I expect most of them are ST. I put a bid in immediately when results came out but sadly didn't get filled.

[Beagle]

It has been kindly pointed out to me ,by former poster MiniMoke,that note 1 at the bottom of page one of PAZ's interim result, seems to have been over looked by some.
1
Trading EBITDA is Earnings before Interest, Tax, Depreciation, Amortisation, and any costs associated with
the $14 million capital raise in January, when CIBUS joined the share register. The accounting treatment of
these costs and the related investment is still being reviewed with the company’s auditors

Commenting only because I had professional training as an auditor.
Very busy week last week, lots of good old fashioned bean counting...was a real shock to the system for a lazy semi retired old mutt like me lol. I think I absorbed that info on the first brief skim read through. Didn't really figure in my earnings, (or lack thereof), analysis anyway but might explain why they released trading EBITDA and not the net loss figure.
Shareholders will recall that as far back as the AGM the directors mentioned they were "in discussions" with the Auditors about the treatment of these new preference shares with the cash redemptive clauses and aspects of them meaning the Auditors wanted to treat them as debt. Obviously they've been in discussions for quite some time. It is very unusual for any company to release very limited financial information without getting clarity from the auditors regarding treatment and classification of material items first. The reasons for that, I'll leave for others to ponder. Very happy with my decision and again, many thanks for your input over the years with this one and many other shares. Best wishes to holders.

[percy]

The Cibus $14 mil injection is enabling PAZ to bring forward their expansion plans by a number of years..
Covid 19 issues are causing delays.

[Sideshow Bob]

Alot of bids now around 75c lol, I expect most of them are ST. I put a bid in immediately when results came out but sadly didn't get filled.

Looks like any loose hands shaken out. Hasn't traded over the last week.

[couta1]

Price seems to have stabilized around 80c for now, the latest lockdown won't be helping things but with a 3-5 yr holding horizon that shouldn't matter.

[percy]

Price seems to have stabilized around 80c for now, the latest lockdown won't be helping things but with a 3-5 yr holding horizon that shouldn't matter.

Buyer at 80 cents wants 100,000.More buyers of 127,410 down to 75 cents.
On the sell side just 960 shares for sale below 90 cents.
On my walk by Port Hills Road site,I noted all the yard work has been finished around the new factory,and is looking good .

[justakiwi]

Just got another email re "buy one get one free." Happy to take advantage of it again, but not sure whether doing this so frequently is good business practice or not. Opinions?

[percy]

Just got another email re "buy one get one free." Happy to take advantage of it again, but not sure whether doing this so frequently is good business practice or not. Opinions?

Well Briscoes send me emails ever week,or is it every day, with such titles as one day sale.Works for Briscoes so I would expect it works for PAZ.

[justakiwi]

No, I don't mean that, and I have no problem with sales/discounts. I was just quite surprised that they would do such a big discount so soon after the last one. Can they afford to be giving one product away free with every order, as frequently as they have been?

Well Briscoes send me emails ever week,or is it every day, with such titles as one day sale.Works for Briscoes so I would expect it works for PAZ.