Originally Posted by
Dentie
Been away from this thread for many months - due mainly to the continual bitching, relentless criticism, negativity and tall poppy syndrome comments from those who think they know it all....as if the comments are somehow meant to shame the PEB Board/Management into making things happen. The main offenders appear to be, of course, those who are "under water" because they didn't know it all - after all! So, this is their way of getting their own back on the market. I see nothing's changed.
One of the things you gain from taking the time to attend AGM and Update meetings is not only watching the body language of those present, but you get to ask some REAL questions and, if you're lucky, you may also get to learn some meaningful titbits while you quietly slurp a bit of Merlot and swallow the occasional prawn on a skewer.
What impressed me this time is the Chairman and the CEO openly stated they underestimated just how long it would take to get the full sign off from likes of CMS and KP. This was a breath of fresh air for me - there is nothing wrong with being upfront and honest about past failures.
But they were equally adamant that PEB were "7 years ahead" of any rival competitor and the CxBladder suite of products were right at the forefront of cutting edge medical technology. They were also adamant PEB had done (& continued to do) everything that was expected of them (& could do no more) in respect to meeting their obligations and it was solely a matter of waiting for KP and CMS to finish their internal processes. They were totally focussed on getting the US market over the line and sounded very positive this was the correct strategy.
There was no fudging on the subject of cash either. Chris stated they had enough for the next 12 months ($20m in the bank) and they were acutely aware how the "NZ" market would view things if they had to go back for more. He hinted overseas money might be attractive if necessary.
You can post your woes on here, but there seems to be no doubt, PEB has world class products and are controlling everything they can control. But until KP and CMS goes through their processes and navigates the sloth like red tape and bureaucracy - there is nothing PEB can do.
There was another titbit I learned from someone who will remain nameless but, in fairness to them and the success of PEB, I will keep that close for now.
Yep...enjoyed my trip to the big smoke.
(Oooopps - almost forgot to mention that you may be pleased to learn everyone, from the Chairman down, travels "economy" class).