Can't be bothered?
He is practically begging them!
Free tests, see?
The same free tests that some posters here swore a while ago were not 'free'.
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Balance - as usual, you are cherry picking. Here's a bit of the context...
'The urologists inside the DHB want this technology with a passion,'' the firm's chief executive, David Darling, said. ''To our knowledge there is no clinical reason why they are not taking it up.''
While there was a commercial advantage for Pacific Edge to have the SDHB use its product, potential income from a small market like the southern region was not vital for a company which reported more than $3.4 million operating revenue last year, Mr Darling said.
''New Zealand is such a small market, it is barely a blip on our radar, so why are we burning energy on it?
''New Zealand is a fantastic place to bring new technology to the market, and if you have good technology with good peer-reviewed scientific publications you can really make a difference ... we would love our technology to be adopted by our hometown DHB, and we can't see any reason why it could not be adopted.''
Mr Darling said Pacific Edge had contacted some of the patients whose cases were reported in the HDC urology service report and offered them their products for free.
''We are concerned that people not being tested is impacting on their lives, when there is an alternative ... people could get hurt, when there is no need for them to get hurt.''
Now, when you read that - IN ITS CONTEXT - any objective person would see there was no signs of "begging".
No, I thing DD is genuinely concerned that his fellow citizens are being denied what most other Kiwi's are getting in their DHB's and he wants to make sure they don't miss out. It is not their fault their local DHB seems to be running itself into the ground.
Good try though!
Good news!
PEB announces last capital raising!!!!!!
https://www.odt.co.nz/business/pacif...apital-raising
From memory, Xero's CR's were a lot cleaner deal for Drury & Co than PEB's has been for DD & Co.
Rod just had to sell Xero's concept to the likes of Thiel & Winkler and presto - how many tens (hundreds?) of millions would you like Rod?
Whereas, even though CxBladder's concept is clear and unrivalled, David has had to sell it to the whole market.
That is one difference - however, one glaring similarity is - both concepts have struggled to get traction in the US market.
Perhaps David could ask Rod for Peter Thiel's phone number?
Another example of you just out to attack David Darling. Looking a bit deeper...
Same player in both of Rod Drury's deals - Peter Thiel, was targeted "to help that firm break into America. The market took his investment as a vote of confidence and doubled Xero's share price" (http://www.stuff.co.nz/business/indu...ook-and-Paypal)
Thiel could/may have equally asked Rod .. "How much $$$ are you personally putting into (ironically named) 'Pacific Fibre'"?
So, to be sure, despite all that "heavyweight talent" and spending many, many millions of shareholders' $$$ - Pacific Fibre still couldn't get to the start line (https://www.nzherald.co.nz/business/...ectid=10823806).
The point you are trying to make Balance is a stupid one. Your one focussed approach on DD is unhealthy and is misleading.
I do not think for one minute that Xero's success will be contingent upon what amount of personal funds Rod Drury invested in it - any more than whether PEB's eventual success will be dependent on how much of David Darling's personal funds are invested in it. Another point is real dollars at the front are not the same as shares in lieu along the way.
How many international public companies have you foundered?
I respect guys like Drury and Darling because they aren't scared to put their nuts on the line as they try to build worthy businesses. Also, as with most entreprenuers, they keep giving it a go - despite losses along the way. I bet both of these guys have lost their investment $$$ along the way - but you don't see them perpetually attacking those who they might see as the "perpetrators".
What nonsense.
The executives of PEB are paid huge salaries and benefits - and free options. What nuts on the line? Must be pine nuts from the tree in University of Otago's campus?
$99m raised and burnt using deceitful and misleading information and projections by incompetent and useless executives and directors imo - that’s PEB.
Comparing PEB with XRO? C'mon that was a tongue in cheek article. For XRO is you're almost waking up from a good dream right now while you're in PEB still perspiring getting away in the middle of your nightmare. To even compare PEB with XRO is also a slap to holders of XRO mostly.
Actually, it tells a lot about the level of indoctrination which has been successfully done on some shareholders/investors?
Never mind the free tests were actually not 'free' according to them, and revealed to be actually 'free' after all when accounts receivables had to be reversed.
Never mind that the capital raising in 2014 was supposed to be the last one, and the 2016 was definitely the last one etc etc and now, the company is going cap in hand with yet another capital raising!
To be 95% off the projected $100m revenues at year 5 and to still be taken so seriously and with almost unquestionable reverence by some of the shareholders - wow! Breathtaking naivety on a grand scale indeed!
Hmmm... I think you are stretching things a bit here...
I don't think anyone has ever argued that the "free" tests that were (and are) part of user trials are not "free' - maybe someone did...
But as far as I remember it wasn't the "free" user trial tests that were reversed. It was instead the "free" tests that they did (and are doing) for patients coverered by CMS, which I think you will find are indeed not "free" when cx is added to the CMS schedule (assuming it is one day)...
At the last report hose accumulative tests were worth something like US$15m...
Balance - How much did Pacific Fibre "burn" through before they folded? (I note PEB hasn't yet folded).
RGR367 - You've missed the context of my comparison between PEB and XRO. (Hint - it wasn't their financial "performance").
Sideshow Bob - I am truly surprised you were the first poster in respect to my spelling error. I thought it may have been someone else.
A little further digging reveals... https://www.interest.co.nz/business/...t-espionage-it
I think this story sums it all up quite well.
- With all the heavyweights involved in Pacific Fibre, you would think they would have done (even a basic) a business plan before start-up?
- If they didn't want to bother personally, you would think they would have consulted with a major firm to do it (maybe they did)?
- Given the money involved, as part of that initial planning, you would think they would have discussed the possible "risks" (ie - the US!!) to the project?
- Notwithstanding the above and, in any event, you would think the big start-up "smart money" would have done their due diligence before handing over dosh?
- The fact is, in typical style, the US can (& do) veto any overseas initiative they don't like. They stopped this firm in its tracks without recompense!
Happily - PEB are still operating in the US and must be getting very close to kicking that last (US required) goal. You would have to bet on PEB kicking it - given they have been allowed to kick the first two. And when they do - it should be clover time. And I am sure you would agree with me Balance ... why else would you be wasting your valuable time monitoring this thread.
I concede they may go broke if they can't stay solvent in the meantime - but, as Jacinda & the Govt would say ... "I don't comment on hypotheticals".
Lastly, I think it is a sign of weakness to come on a public forum and consistently write disparaging comments about Company Directors & Management who can't defent themselves without at least having the courage to both identify yourself and provide your credentials at the same time.
If you are so serious about your opinions against these people, why don't you have the courage of your convictions and report them to the FMA? That would be operating in the best interests of those followers you purport to influence on here. I've never understood why people would act on the financial opinions of those that operate anonymously.
That was you, poor ole mbj, 5 years ago - and you couldn't be more wrong - so any point waiting for a couple more years?
Unless of course, you want to throw more good money after bad.
Sp at 17.8 cents - ouch!
Lowest sp since 2012 and looks like heading towards 10c as what's left of PEB's cash disappears down the proverbial.