Their credibility is very much in question now, no doubt about that.
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Who's underwriting?
I thought all you had to do was enter the US market and sales would flow. Whats so hard team?
With the rights issue at .61c...it is completely understandable the SP will head to that level as existing holders sell and use the profit to fund the "issue". If the price starts dropping below .61c - then I may agree with your down ramping sentiment.
Again - if there is large volume selling BELOW .61c then maybe you can use the word "bail" and "WDT" in the same sentence.
Why would you hold your Bid at .66 - .67 if there was a good chance at buying around .61c? There are plenty of traders who would scratch and bite their way to a 1c profit.
Where are the traders then?
And it is not true that existing holders sell and use the profit (profit? More like LOSSES now for many) to fund rights issue - have a look at other rights issue (eg. KPG)
Successful companies do rights issue at trending higher and/or strong share prices. Companies which desperately need capital do so with declining share prices.
Everything that some of us have predicted about this company is coming true - sad but inevitable as it is all for all who choose to see, rather than wear rose-tinted glasses.
You were the one who went dead quiet Balance - everyone wondered where you got to. I would suggest you weren't that confident that PEB wouldn't deliver a golden egg so you kept your powder dry - just in case. Gave yourself more time to rehearse what you were going to say on here if PEB didn't deliver.
I look forward to taking a historical view in the next few years to see if indeed PEB can be compared with WDT's performance....
If I am termed a fool because I believe in what PEB has to offer - then I'm a happy fool.
There is an old saying 'Do not suffer fools because you will become the fool.' Worth noting.
I went quiet knowing full well what PEB was going to do - check my postings.
Just cannot be bothered with arguing with the ramping trolls and their banal postings any further.
They actually believed PEB can comfortably reach profitability without further capital raisings!
As George Gregan will say ' 5 more years!'
Now I have my say.
And it's "I TOLD YOU SO'. :D
I like the product , aware when purchased it would takes years to gain good sales and traction in USA...Rate it along with FPH early days...Not surprised market is not happy, looking quite bearish.....have done some profit taking recently, but holding PEB....