I'd been hoping for the windows to become clear for about 3 years but the more time went on, the more opaque they become, so rather than waste my time cleaning them i simply removed them, all seems clear now.
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Good solution if you don't mind living in a draughty house. I'm happier coping with a minor chill around my portfolio total while waiting for the opacity to fade.
I did the same with BLT, that other penny dreadful spin off from Dunedin uni - and my shares in that company are now worth 3 times what I paid! I hope PEB won't take as long to come right but I'm very confident they will.
Been a good week of news for PEB holders. Nice to hear the interview with the CEO this morning on RNZ in which he countered Balances assertion (post #14928) of imminent 'capital raising'. Still over $20 mill of funds available and burn rate reducing markedly.
Need patience with this one, but looking v promising. (Disc Holding.)
Surely the share price will skyrocket again today after those comments?
Still plenty of cash + efficiency improving... $20m in funds is actually quite a bit more than I thought... so probably indicates sales are beginning to pour in :t_up:
Looking forward to the update!
Goes without saying ;)
I did say around this time last year "I'd give it 2 years" 1 more year to go and it seems things are really beginning to get there... with all that cash in the bank, no need to worry even if things are still a tad "slow" for another year anyway ;)
Meanwhile the agreements/coverage keep rolling in...
For anyone interested, the audio can be found at this link
http://www.radionz.co.nz/national/pr...olster-outlook
(Disc Holding also)
Eh - the $20m he mentioned was as at 31 March 2016.
Company burned through $19m of cash in the year to 31 March 2016. Christmas is only 2 months away and then, it's 3 months to 31 March 2017.
Prudent 'commercializing' companies do not operate without a year of cashburn in reserves.
Like his excited comments though - transformative, millions of tests opportunities etc etc.
Ramp 'em up and sell 'em down.
Those who have followed PEB for a while know that management have made a lot of very encouraging comments over the years. None of them ever came to fruition. No reason to believe them until they start getting some real runs on the board.
Disc: Don't hold. Not a disgruntled ex shareholder - I made a heap of cash out of these guys. Hope they succeed, but no way I'd invest in them currently.