And such was their confidence they increased their shareholding to 58m shares.
Maybe they are buying more at current bargain basement prices?
DD may be able to offer them some or has he sold & moved on?
Printable View
Interesting
The Novitas decision is not all doom and gloom for Pacific Edge News Pacific Edge's Cxbladder tests will no longer be covered by US national health insurance provider Medicare is a “game-changing announcement” but “not all doom and gloom” says Forsyth Barr analysts.
On Wednesday, the company confirmed a so-called “local coverage determination” from Novitas – the Medicare administrative contractor – that meant its suite of products does not meet the threshold required for coverage under the US Social Security Act.
https://businessdesk.co.nz/article/m...35c2-402467359 (Paywalled)
Soothing words from Forbar, one of the brokers involved in the capital raisings for PEB. Could they possibly write anything else?
The other two brokers are Jardens (ouch for Harbour!) and Bell Porter (clients will be livid).
But let’s hope Forbar is right. PEB has a future but some very very hard decisions need to be made and executed immediately for the company to survive.
PEB a takeover target*, according to Bell Porter.
https://www.odt.co.nz/business/pacif...-target-report
"An Australian investment firm is reportedly suggesting Pacific Edge could be in line for a takeover bid."
"Craigs Investment Partners investment adviser Peter McIntyre, of Dunedin, said it was "very possible" a company was looking at Pacific Edge."
* Report issued a year ago so takeover must be any day now.
There are going to be a lot of really pxssed off Bell Porter clients who participated in the CR at the time - $1.35 and they have lost over 90%.
Remember how the CR was upsized due to the overwhelming demand from the Australians?
https://www.nzx.com/announcements/379737
Takeover talk come out often enough by brokers to give their clients hope that not all is lost.
Big lesson there to be learnt.