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  1. #211
    Legend
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    Quote Originally Posted by GTM 3442 View Post
    Well having bought PIL (possibly as SVY before the change of name) at $0.001 and having sold at $0.045, the answer is definitely a yes, a stock can recover from $0.001.

    The real question is more to do with the length of the recovery. . .
    For 100% gain, you can afford to wait for 10 years in today's low interest rate environment.

    Being a backdoor job, you could become unstuck with the 100% gain however if the next reincarnation involves a 100:1 share consolidation before the Greek job is done.

  2. #212
    Guru peat's Avatar
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    I genuinely believe the company has a good product. I've been told such good things.
    However having a good product isn't enough to make a company succeed.
    They've had such a rough deal with the authorities though it is very hard to see them coming back.
    GLTAWH.
    For clarity, nothing I say is advice....

  3. #213
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    Quote Originally Posted by peat View Post
    I genuinely believe the company has a good product. I've been told such good things.
    However having a good product isn't enough to make a company succeed.
    They've had such a rough deal with the authorities though it is very hard to see them coming back.
    GLTAWH.
    https://www.nzx.com/announcements/330404

    Prosecution by Ministry of Health on 9 counts.

    Game over unfortunately, me thinks.

  4. #214
    Guru peat's Avatar
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    Quote Originally Posted by peat View Post
    such a rough deal
    yeh dont disagree that it finito now.

    tenor.jpg

    too many coins required to continue
    For clarity, nothing I say is advice....

  5. #215
    Senior Member
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    Wellington, , New Zealand.
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    Even if PIL win, they have to find legal fees from somewhere as will not be fully reimbursed. Though if they do win, there could be damages.

    Australia is still a large and local market with approvals, as is the canine sector worldwide.

    According to PIL correct processes have been followed. Is the Ministry of Health attempting to set some sort of precedent involving interpretation of the regulations?

  6. #216
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    Scary thing is even at .1 of a cent it is still capitalised at $1.9m. Methinks a shell that is worthless should be worth about 500k at best.

    I think .1 if you can get it is good value.

  7. #217
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    so, does this also mean that Helius are up for a court date with the MoH ?

    https://www.stuff.co.nz/business/ind...ter-complaints

  8. #218
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    Quote Originally Posted by blackcap View Post
    Scary thing is even at .1 of a cent it is still capitalised at $1.9m. Methinks a shell that is worthless should be worth about 500k at best.

    I think .1 if you can get it is good value.
    0.1c is as low a value as NZX listing rules allow.

    Next step is 0c - which is bankruptcy.

  9. #219
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by Balance View Post
    0.1c is as low a value as NZX listing rules allow.

    Next step is 0c - which is bankruptcy.
    PIL makes SEA look good xtraordinary brilliant
    “Imagination is more important than knowledge.”

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