Originally Posted by
Balance
Looking back at this thread, there are some eerie and uncanny similarities to the Pike River Coal thread:
1. Post the CxBladder approval and launch, heaps of promises and expectations with directors and the company making bold statements - but failing to deliver. PRC was similar - approval for the mine went ahead and it was downhill from there.
2. Delays after delays, excuses after excuses with no real explanations as to underlying causes.
3. Rights issue one after another (despite assurances that company will become profitable after the previous one).
4. Lack of transparency in keeping market and shareholders advised and updated as to ACTUAL numbers to track real progress.
5. Keep talking long term and blaming short term investors for share price grief.
6. PEB, just like PRC, has gone from a spectacular share price performer to being one of the worse.
And here's the real clincher - one eyed posters wanting dissenters (to the rose-tinted glasses view) banned, shut down or even the whole thread shut down!
History tells us PEB is heading in the wrong direction - time for the directors and management to front up and explain 1 to 6 above or it could be time to change directors and management, before it is too late.