This response is beneath you mate.
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And the reason is? (Unless I missed it).
PEB is not an investment like most other companies on the NZX, and the risk / profit profile not suitable for many investors.
However many investors who spend a considered amount of time following PEB are comfortable with progress. I would expect if there was a need for an additional raising of capital that the support is there. The last capital raising showed that.
This from a presentation on 13 June 2013
A matter of months later, the company is on record as saying due to issues with the implementation of Obamacare, this target date would be further delayed.Quote:
• Pacific Edge anticipates commencing negotiations in earnest with Medicare and Medicaid in July 2013, with this continuing until August 2014. Pacific Edge has already conducted preliminary discussions.
Why is this suddenly an issue?
I haven't found it yet, hence I couldn't link it, but take my word for it in the interim.
edit: can't find any link so will just leave you with what they had published - late 2014, now maybe into 2015, does it really make much difference in the big picture of a 15 year build?
Whipmoney...Technicians did not say what you inferred.....I'm a Technician and you were not listening.....I will summarise so you will be corrected.
Orginally PEB sudden rise up from 50c to 70c caught many people by surprise There were FA out there saying that even TA could not foresee the jump up....to correct these people TA signaled buys 3 days before the second steep rise from 70c to 170c and I bought in at 71c on those signals (see the IN on my 23rd April chart) At 1.70 there was blow out risk and the fall back during NOVember and December was considered as low risk breathers with no major TA sell signals ...the risk grew when the price fell back below 160c major support in February when the TA ducks started to lined up and signaled the PEB party was over...I reluctantly obeyed my TA discipline and dismissed my instinct and all the positive postings from investors to stay in and sadly sold out and left the party late February at 156 (see the OUT on my 23rd April Chart) realising over 100% profit)....
SINCE THEN
11th April 2014 Post #7201PEB price free fall day to 110c Technically.. the most scariest stock on the NZ Stock Exchange
23rd April 2014 Post #7801 PEB coming "off" a small rally back to 112c Still technically scary
Post # 8449 18 May 2014 PEB at 111c on Friday 17th
Luckly the fall got arrested at 95c was this a miraclous new support forming within this Technical 70c to 1.00c vacuum??..sadly it wasn't and it freefalled to 70c (68)... 70c Primary support level occurred (bottomed intraday at 68c)..It rallied off the primary support to 93c.. Then on the 9th June short term BB squeezed again at 85c resistance area but this time PEB broke though reducing the risk by turning an 85c resistance level into an 85c support level.
14th June post#9963 PEB price at Friday 13th at 85c falling back from the 93 c rally
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As you can see Whipmoney the scariest time (highest risk) was 6 weeks after the 170c high ..The highest risk occurred when in mid April when PEB broke 120c support..the risk of a further -43% drop to 70c became technically very real...On the 13th April was a technical no brainer GET OUT!!!!!!warning.....
As so often the way it may not happen suddenly creating investor doubts that it is all bullsh!t, smoke and dust and FA investors dismissing this overall Group trading behavioural attitudes towards PEB (TA) as the self fulfilling prophesy enemy...
What happened was expected but it took a little longer...It turned out to be a slow moving train wreck.
After the carnage from the wreck... that Technical risk of that 1.20 to 70c probable wreck has expired....
There are new risks developing, but that big melt down risk that Whipmoney reckons us "Technicians" are on about is a goneburger
LMAO, new guy, yes, that didn't assist my case about 'nothing new here'. I knew it had been last forecast to have been August 2014, and I must have rose-tintedly read the last part of that comment as 2015.
The Chair and the CEO do need to cross check their facts before committing matters to print
Yes, Newguy fair recall,
I guess, in the end it depends on ones expectation.
Some of us see PEB as a very long term investment (which might be taken over well before it matures or go under if things don't work out, but we accept the risk and see the potential).
We realise progress is measured in many years.
DD or others might call this slow progress but it could be fast under the circumstances of the process required.
Just about to buy some PEB, but pushed the wrong buttons and bought some PGW by mistake. No worries, might get a div. one day.
See Weed was at the meeting too. Said he was chatting with a man while having a cup of tea and didnt realise it was DD till the meeting began. Can picture See Weed as one of those with a silly grin holding a sausage roll. Lol! Too funny.