Best way of turning the institutional and professional investors off and unlike the average investor, they do not lack for biotech choices overseas.
Hint : It may have already happened?
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Should be a sure and steady as she goes message I reckon, confidently walking the commercialisation timeline. Sales staff increasing, products developing, network providers networking etc
Be good though to get a better forward timeline for triage and predict, I wouldn’t mind too a bit of articulation on the longer term timeline for the pipeline products, lot’s of investors cash put into those pipeline products.
...I rest my case!
I would much rather CS, DD & Co be "confident" about the success of their great product - because success always starts in your own backyard. In fact, if I started to interpret their language as being anything other than "confidence", then I would probably start voluntarily withdrawing my investment.
There is a place for uncertain humbleness...but not generally in business.
Wonder if it will announced at the AGM how much cash is left in the bank, and if and when further cash raising will be required?????
Quite right Dentie, where the heck would we be if everyone went around saying, " geez I dunno, doesnt look that flash, probably wont work, too risky, etc etc." Nothing would ever get done, built, invented or discovered. Peb management is not short on confidence and seems mostly very enthusiastic about what the future holds.
They had $20.4M cash and equivalents on hand at FY14, sufficient to carry them through to into 2016 without much in the way of revenue contribution, so no problems on that front. They have in addition secured more Callaghan funding since the capital raising too, $4.5M over three years.
It is comfortable enough for any startup company to have funding for up to a couple of years ahead.
Someone though is bound to ask the big question , whether profitability will be achieved at FY15 or will it be HY16.
Pacific Edge have previously implied that FY15 may be possible, I reckon HY16, my abacus tells me 15,000 to 20,000 sales are required, let’s see.
Attachment 6141
Maybe a few here should check out the continuous disclosure rules for NZX. Very interesting read.
A disclosure is only necessary if there is a marked difference between former projections, announcements, releases and the current situation it seems.
There doesnt appear to be a requirement to correct Media reporting or to respond to antagonistic outsiders trying to force information from the company. ( their words)
Maybe I am reading it incorrectly, but that is the gist of it as far as I can see, so far.
Google NZX continuous disclosure for an interesting hour or so.
Cheers
Miner