Market cap now down to $210m. :eek2:
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Market cap now down to $210m. :eek2:
Franko, the whole New Zealand market has been falling, and PEB, being a volatile stock, has been fittingly been affected more than most.
I think everyone on here agrees the AGM did not go 'flawlessly', and a lot of investors in PEB are nervous (understandingly as well), time will tell. Nothing material has been announced since the capital raising, in which time you are right the share price went to low 60's, now in high 50's post AGM. So the AGM, which we all agree didn't go that well (on the whole), has been the only thing that has had a small effect (5% or so since the lows during the capital raising). Nothing material about PEB's all important user programmes has been announced what so ever. There is therefore no other logical reason, except for negative investor sediment (most likely only as a result of general market sediment, and a fairly average AGM), as to why PEB's share price has realistically fallen... you seem to make out it is falling as a result of PEB's business detreating... like most investors, except the greats like warren, people on this forum can't just give PEB a couple more years
There was a lot of anticipation that PEB would announce something material at the AGM. There was also hope that there would be a solid update about how the year was progressing. The fact that nothing material or solid was announced is a huge disappointment? You will recall you were hoping for a trading halt for eg?
Yes I was hoping something good, great in fact, would be announced at the AGM (although I was cautioned that I was pretty hopeful as many others didn't actually expect this). Just because this didn't happen, doesn't mean I am suddenly running for the high hills, like the greatest investors in this world, I'm more than happy to wait and not panicking about a company that has a good 3-4 years worth of cash in the bank with no debt, and sales revenue up 100's of % - these are the fundamentals which people seem to so easily forget in the shadow of a less than ideal AGM
Seriously, do you want to go down this track? You are not fooling anyone.
The issue I have is that you reposted something I posted and in doing so have added nothing to the thread. What is even more pathetic is you were not at the AGM and you did not know the directors were even questioned about taking up their rights issue. In fact you initially incorrectly posted that they were not questioned. I subsequently corrected you on this point. Now you repost it?
You are not adding anything by doing this, just filling up the forum with clutter. Don't bother replying, I'm blocking you anyway.
Continue to get your jollies by doing what ever you think you are doing. I aint gonna waste anymore time sifting through ur garbage though.
Meanwhile.... I guess we just monitor and see if the sp becomes range bound again and at what point