My thoughts as well jonu.It would be another kick in the guts for long time holders to ask for more while diluting their holdings.Hope it doesnt happen
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Read the Announcement again.
Their backpay is not guaranteed (but I hope for their sake, there is some sort of flexibility around that)Quote:
Pacific Edge will also be seeking to negotiate reimbursement for the Cxbladder tests that have previously been completed and invoiced for CMS patients.
So much will depend obviously on how much upside potential they see.
They have funded and ridden this thing painfully all the way down to 7 cents (March 2020) and as we have seen with stocks like Serko & Diligent, I would venture to say they will ride it now until PEB gets taken over. No point hopping off just when the horse starts galloping after walking around with a lame leg for a while!
The AGM on 5 August will be a highly anticipated event for the directors to provide some guidance as to the upside potential now that the long awaited LCD coverage has been received.
Credibility will be with the company rather than skepticism (richly deserved for over-promising and under-delivering for years) so let's see what they say.
You would hope they have learnt their lesson and do what they have been doing in recent times - under-promise & over-deliver.
The aim 6 years ago was to achieve $100m in revenues - if they can provide a clear path to achieving that, I believe the funds will be happy to hold and ride it to much higher levels. Heck, they may even buy more!
Remember a few institutions effectively control this stock now after sucking up all the CR shortfalls so they can in the short term determine (if they act in common belief) where they want the sp to be.
So if they want it to be a dollar by then, it can easily be a dollar imo.
Be careful.
I am surprised and happy for shareholders that have waited and waited and............ for way too long. Congratulations to you who held on and are riding the wave
Back in at 54c after a 7 year absence :)