I wouldn't reply to that particular email either :)
Why don't you apologise and start afresh?
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Time for a reread.
http://www.interest.co.nz/business/6...tech-partnersh
Shortlist of positives that have been discussed
1. Edison to resume coverage of PEB
2. CMS "advanced" ( whatever that means)
3. Other providers "advanced"
4. Hiring extra lab staff
5. AGM where a lot of punters are going to let it all hang out by the looks.
6. Possibility of quarterly updates on sales figures
7. Possibility of some extra enlightenment either in an investor update
8. or through the Final Report at end of June
9. More Seminars and Conferences in US, AUS, NZ
10. Two extra cxB products and advancing cxColorectal.
11. Nov sales report
12 Snapiti has bought in and will shortly turn bullish again.:)
Why would this be 'positive', M? Given the lack of Sales, I for one do not want my money currently invested in PEB to pay surplus staff to sit around surfing the Internet, or whatever they're doing, waiting until whenever for samples to arrive.
How hard can it be to ramp up lab technician capability as and when sales eventuate? Hiring practices overly optimistic are nothing short of reckless and money down the gurgler.
Hahaha... It would be foolhardy of him if he did respond to your email.
I wouldn't hold your breath my friend.
If you really want it your way there's what's called a company constitution, a shareholder agreement, an AGM (or egm) and what's called a vote.
Use the remedies available to you as a shareholder, rather than send emotionally charged emails.
If other shareholders agree with you then they will vote with you.
There's no better way to destroy your own investment, if you are a shareholder, than what you were seemingly intent on doing in your email.
Just saying. I still think you're a good guy.
BC - Again, we do not know hiw many tests they are doing. Tgey may be paid tests, they may be free under a user programme. Either way, we need the lab busy
Number 12 is the clincher. A Snapster.
Precisely BC. Meaning
A) Sales have eventuated (hopefully)
B) Snapiti was on the right track - they have no intention of hiring and made an announcement to soften the blow (hopefully not)
C) They are silly and are burning cash unnecessarily (hopefully not).
Fingers crossed it's A. Imagine B) Snapiti on the right track! ;)
Here's a part of what Ricky had to say ....
Rickey Ward, JBWere's New Zealand equity manager, says the company is merely going through the "growing pains" that all high growth start-ups have to endure.
"Management indicate that the company has sufficient funds to cater for budgeted growth over the next two years and funding is typically the single biggest issue that kills these companies," Ward says.
"Pacific Edge has finally started to achieve some modest trading revenue so everything looks promising so far but investors will require significant momentum for the next leg."
The company posted a full-year loss of $9.4 million last week, up from a loss of $6.9 million in the previous year. Revenue in the 12 months to March 31 this year rose to $523,000 from $182,000 a year earlier.
Pacific Edge has established a laboratory, where its tests are processed, in the US state of Pennsylvania and has established relationships with four national health networks in that country.
The company, which hopes to hit annual revenue of $100 million in the US within the next five years, is chasing deals with other major providers such as the Veterans Administration, a provider of healthcare to former members of the US armed forces, and the Centres for Medicare and Medicaid Services (CMS), which oversees government-funded health insurance programmes for senior citizens and low-income earners.
The announcement of a deal with either of those providers could set off another rally in the stock.
Time to just wait and see I guess...