Looking like 2 big sellers now competing to get out. The 80k to buy at 72c has been taken out.
Let's do a brief review of what PEB is aiming to achieve in the absence of one from PEB so far this year.
http://www.nbr.co.nz/article/pacific...ream-dw-130949
Excerpt : "Mr Darling says Pacific Edge is expected to be "cashflow positive" in the US within two years. And it isn't expecting to go back to shareholders unless there is a pressing need to set up a lab in another country".
That was October 2012 - and PEB went back to shareholders exactly a year later for $20.5m in new capital. Definitely not in line with expectations!
Cashflow positive in the US within 2 years? Anyone prepared to take bets on this one?
Do I sense that PEB is busy in the background getting its story ready for the next capital raising? You betcha.