Promisia Integrative Limited (PIL)

[Balance]

Totally agree that all drugs give cause for concern if overdosed - that's partly how a dose is defined the difference between this product and a therapeutic drug is that a drug manufacturer is required to know exactly what is in their product and how much of it there is, so that a dose can be defined. Did you follow my point about why this is a problem for Arthrem?

I'm happy to take your word that the company gets their particular plants from a supplier in Tanzania and I don't dispute it. My point was that they likely have very little insight or power when it comes to growing conditions and quality control, as this crop is almost exclusively grown in developing nations far from NZ. Regarding India in particular: a massive expansion of Artemisia annua cultivation in India was partly responsible for crashing the price of artemisinin a couple of years ago (artemisinin = the approved antimalarial *pharmaceutical drug* that is *purified* from Artemisia annua extracts)

https://www.nzdoctor.co.nz/article/n...-harmful-liver

Biggest problem for PIL now is the potential liability it has overseas - could run into many millions of dollars if they get sued overseas.

They do not take prisoners overseas - unlike NZ.

[s4draynz]

Paracetamol can also cause Liver Toxicity....

[haewai]

Late in the day announcement yesterday: https://www.nzx.com/announcements/314979

[hardt]

PIL have $300k left in the tank... placement will be just around the corner no doubt.

Only thing nice to see in that report was the gross margin improving to 72.5%.

[Lola]

PIL have $300k left in the tank... placement will be just around the corner no doubt.

Only thing nice to see in that report was the gross margin improving to 72.5%.

Where’d you get that 300k number from?
They banked 900plus from a placement in January

[Hectorplains]

Where’d you get that 300k number from?
They banked 900plus from a placement in January

See the Interim Financial Statements: http://nzx-prod-s7fsd7f98s.s3-websit...979/275583.pdf

p5. Cash at end of period = $324 000

[hardt]

Where’d you get that 300k number from?
They banked 900plus from a placement in January

Sorry, I do see the below in the notes which occurred after the HY...

During January 2018, the Group completed private placements of 47,750,000 shares to wholesale and eligible investors at an issue price of $0.02 per share and raised the sum of $955,000.

Cash burn continues nonetheless, what are they going to do to put out the fire?

[Yoda]

Any idea how long that cash will last ?

[s4draynz]

Any idea how long that cash will last ?

not long enough ! off to market for another 600k !

[Yoda]

Looks like Medsafe might have delt a killer blow with sales down so drasticaly .
i wonder if they can return from this .?
https://www.nzx.com/announcements/317584

they say April sales are double March, but March was pretty awful.