Their credibility is very much in question now, no doubt about that.
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Who's underwriting?
I thought all you had to do was enter the US market and sales would flow. Whats so hard team?
With the rights issue at .61c...it is completely understandable the SP will head to that level as existing holders sell and use the profit to fund the "issue". If the price starts dropping below .61c - then I may agree with your down ramping sentiment.
Again - if there is large volume selling BELOW .61c then maybe you can use the word "bail" and "WDT" in the same sentence.
Why would you hold your Bid at .66 - .67 if there was a good chance at buying around .61c? There are plenty of traders who would scratch and bite their way to a 1c profit.
Where are the traders then?
And it is not true that existing holders sell and use the profit (profit? More like LOSSES now for many) to fund rights issue - have a look at other rights issue (eg. KPG)
Successful companies do rights issue at trending higher and/or strong share prices. Companies which desperately need capital do so with declining share prices.
Everything that some of us have predicted about this company is coming true - sad but inevitable as it is all for all who choose to see, rather than wear rose-tinted glasses.
You were the one who went dead quiet Balance - everyone wondered where you got to. I would suggest you weren't that confident that PEB wouldn't deliver a golden egg so you kept your powder dry - just in case. Gave yourself more time to rehearse what you were going to say on here if PEB didn't deliver.
I look forward to taking a historical view in the next few years to see if indeed PEB can be compared with WDT's performance....
If I am termed a fool because I believe in what PEB has to offer - then I'm a happy fool.
There is an old saying 'Do not suffer fools because you will become the fool.' Worth noting.
I went quiet knowing full well what PEB was going to do - check my postings.
Just cannot be bothered with arguing with the ramping trolls and their banal postings any further.
They actually believed PEB can comfortably reach profitability without further capital raisings!
As George Gregan will say ' 5 more years!'
Now I have my say.
And it's "I TOLD YOU SO'. :D
I like the product , aware when purchased it would takes years to gain good sales and traction in USA...Rate it along with FPH early days...Not surprised market is not happy, looking quite bearish.....have done some profit taking recently, but holding PEB....
They must have a serious push... because it is a fair bit, but potentially required to make a 'big effort'
Looks to me like the $100m in accumulated losses will happen well before the $100m in revenue :)
So where was FED Med-ACPN-Stratose and Multiplan? They have signed up--Are they waiting for the results of KP program?-(and who are they using in the mean time?)-That will be 2016--Edison must have been in discussions to have stated that.
It appears that the trial and hopefully CMS coverage is of crucial importance now--But of course there is as always so much we dont know.
At the moment they appear vulnerable so the capital raising is important and they appear to have ,at least temporarily to have lost investor confidence---And yet they have this great product--They could really do with a ''Xero''type investor partner at this stage.
I didnt want to mention in the heat of the announcement but for a while Ive had my doubts about targeting Urologists instead of doctors for an ''initial'' test--I would have thought that it would be the perfect solution (after blood tests)to rule out an expensive specialist.
Anyway, its more of a ''getting through this'' than ''full steam ahead'' (it seems)
Ill say it for Mac--''Its the Kaiser report and coverage that will bring sales''--Its just to bad its farther off than we thought--(and of course the doubts get harder to dispel as time goes on)
Heap of cash alright.
I'm not sure why they would do an acquisition, they're struggling to sell CxBladder as it is.
With a lot in the "pipeline".
More likely trying to ramp up sales/ realised profitability is a while off and decided to raise cash while there's still some support.
Why all that cash? Apparently so they can start paying dividends. Keep the shareprice up based on 'yield'.
http://www.news-medical.net/news/201...stic-tool.aspx
My apologies if this has already been posted.