I feel quietly chuffed about this one from a couple of weeks ago...
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Phew, I for one took that as an opportunity to cut my losses at a far better price than I would have been able to yesterday. I think most investors will see this as an opportunity to do the same. Its a dog of a stock and this situation is just so bloody unprofessional its not funny. Real mickey mouse in the way its played out. This will be back at 19 cents before we know it
Profit takers will bail, but this company has legs and a great executive team! What a outstanding interim result! In the medium term, I'm thinking that the stock price should be around 30c once the market understands the positive news :) and of course after finer details are released.
The decision was clearly on the wrong side of the fairness stick!
Made a tidy fortune today, averaging 100% profit on 5 figure shares (000s).
Looks like fortune favours the brave (or the foolish, haven't made up my mind yet!)
Also looks like the lawyers got to Novitas (finally found a good use for them...);)
Nice to finally get some relief on an opportunity I expected to wait much longer for...
It could be that Novitas have been pulled up by lawyers acting for PEB and other diagnostic companies regarding the process they have used in coming to a decision regarding coverage, hence they will go through the LCD process again. They may have got the process wrong but that in itself doesn't mean the outcome will change. The Novitas decision was fairly blunt in its assessment of PEB's research. I hope there is a different outcome but it's going to be a long wait.