Hey! The dude said buy. What more is there to understand :)
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This is exactly why I have told people that this thing isn't 100% sure. You need to convince doctors to buy the thing and it needs to be done in a way that they perceive it adds value to a tried and true method. If they perceive it does not, they won't go through the extra process to buy it/sell it/recommend it. Hence it most certainly is not a sure thing that sales will follow, no matter how many insurers back it up.
Regarding Minerbarejets comment, they may recommend it only for cases where they have done a cystoscopy, have not found any other problems (remember 95% of cases of hematuria are something other than bladder cancer) and therefore still cannot explain the hematuria. This then dramatically reduces the market size to 5-20% of my estimated projections as, I believe, my market size estimations were for people that presented with hematuria.
Despite a lot of peoples conviction around CxBladder, its not a sure thing. There is a reason they need to hire sales people, as even they believe it is highly unlikely sales will flow just because the product exists and is sitting on the shelf. Another thing I have found to be interesting is, despite a number of user programs having been completed or in process, no medical professional or organisation has yet appeared to come out with a statement saying "CxBladder adds a lot of value to current methods and we are eager to incorporate it into our testing for all patients with hematuria" or something similar from a customer perspective. We only have statements talking about potentials. I do hope these type of statements come out, but the lack of them is an ongoing concern for me from a risk perspective.
..........your'e clearly sounding like someone desperately trying to ramp down this stock BOBBLES??? For starters can you quote anyone who has stated this is going to be a "100% sure thing"?.....of course you cant......AND why wud it need to be anyway.......is there any business model out there that is? It is well understood that for Cx to be successful (along with PEBs other prooducts)...a strike rate of anything from 5-20% WILL translate into a strong and highly profitable business......i believe DavidDarling and his (already succesful) team
will make this happen, after all they have already clearly demonstrated their combined abilities and commitment to get it this far (HUGE) .....in fact if i cud be so bold as to suggest 70-80% of the real hard work has now been done and signed off?
You also question why they need sales people out there promoting the product
.......um isnt this what just about every company on the planet does.......especially as a start-up??
COMMON.BUSINESS.SENSE.
Just had a read of Tim Hunter's column in the Sunday Star Times. He is renowned for his negative comments on anything that appears risky, but he writes what most of us already know (but some clearly don't want to believe unfortunately). I liked his last paragraph where he believes PEB will justify its share price a lot easier than XRO can. Finally, someone who actually is prepared to publicize what I (& a number of others) have been saying for ages.
For all the naysayers on this thread, can I suggest you start another thread. You clearly don't seem to understand what a true investment looks like. But I'll tell you what, if you are not in PEB VERY SOON, you will be paying an expensive price to get in.
This week I sunk considerable funds into CDY as well a year ago putting funds into PEB which is my largest holding. I figure firstly as PEB pipeline of IP comes to fruition it can only benifit CDY with royalties.
It's been talked of in the past but globally kiwi firms lead innovation but sell out to early - my belief is a major multinational will attempt to control PEB once they solidify their business into a proven commercial biotech that insurance firms are all over, we are seeing the entree into their potential.
Agree with the post that the price of PEB is easier to justify than xro.
Four years $5 min !!!! DYOR
Dentie, and others, this is a share trading, dealing forum for people who, for one reason or another, want to make money or secure their future or whatever. I am an old man and I can play the game for fun or whatever. Ihave the house, the land, the car, the ute, the boat, all freehold and a wife of fifty years who is almost paid off and we both enjoy cracking good health. PEB will be successful when it starts putting money in the SHAREHOLDERS pockets at a higher rate than banks etc. At the moment, it is just another test for a disease that is less than common and the company is likely to use a significan part of any return they get to finance further research and so on. If you get any return within three years you will be lucky and I am aware of several other potential cancer cures under research around the world. If one of those comes into play then peb could be just another brick in the wall.
Blobbles on his post on sep 19th said he would only sell his share at 15dollar. Talk it up before the huge announcement and now becomes a unbliever? I guess its because he has sold and want to get in again ;-). Its ok. This is typical what some traders do on public forum. Btw, On Otc23th he said:
### I also like Davids comment on the $100 million revenue target: " It's a very doable target, and could come sooner Generally I have found he says stuff like this when other people would says stuff like We will definitely do that in less than the time stated.".
New learners be awared ;-) I am ok.
Congrats on your open statement of wealth Craic ... well done, but sorry you have still to pay off the wife though (:confused:). Did you get all the toys freehold by your own business success or share investing - or what the bank paid you? Incidentally, what the banks have been paying since 2009 has been next to zero (after tax and CPI of course) so its not going to take much to beat that. In my view, your comment re it is about how much and when PEB starts putting money in the shareholder's pockets is typical of an investor (trader??) who thinks it is all about them. That attitude (to me) is more about self indulgent greed than it is about supporting a company that has wholesome intentions around doing good about some of the problems facing humanity. It is people's focus on self fulfilling financial greed that keeps causing these financial meltdowns every 7 years or so. If the focus was on helping our society in the areas of medicine etc by supporting the companies that have the expertise to bring it off, then you will make heaps of the money you desire - by default. The fact that you see the share market as a "game" really worries me as it is precisely this type of cavalier attitude that brings whole markets down.
Why are you still trying to play the game if you already have all the toys Craic? Are you still not satisfied?