Everything has changed in one very critical aspect, Maxtrade - a super-high multiple stock like PEB trades on positive sentiment and high expectations.
Sentiment has distinctly soured towards the stock due to adverse and negative developments on what were supposed to be positive potentials. Examples :
1. Covid was potentially going to spur the adoption and acceleration of use of CxBladder -
https://www.pacificedgedx.com/assets...TE-May2020.pdf
Has not happened and in fact, company now cites COVID as impacting on sales.
2. Recovery of NZ$40m+ of backdated invoicing was given considerable attention (NBR covered it as a lead article in 2021) but that has now dissipated into thin air.
Market now questions what other assertions made by the company are now suspect as well.
3. Singapore and Asia were going to provide another leg to growth. Nothing of significance has happened there now for 2 years and market now obviously expects little.
4. Sales in the US has slowed despite more personnel recruited to ramp up sales.
Dis. Got my tail feathers singed on the way out. Ouch!