Ann: Update on PainChek Business Performance, page-112

I believe the market at this point in time is only looking at the aged care sector of the Aussie market. At current time, that is all it has factored into the share price. But this update or next quarterly should wake the market up to the potential of the other markets like UK, NZ, SG and so on.

However, I am of the belief that damage has been done by the directors share sales regardless of whether reason is correct or not. Therefore it will take a bit more than the aged care sector to wake up the share price again. Fortunately for us, there are a few such catalysts in 2020 as mentioned in the last company presentation. Anyone of them can re-rate the share price in quick order. And if a few of them comes on as planned, then $1 by end of 2020 is almost slam dunk. I said 'almost' because it is very hard to predict the market.

To those who find this share price frustrating, I can understand. Imagine my (and those who bought in early) frustration when it was drowning for a while in the 2s and 3s. And then came that TGA and CE announcement which drove the price upwards to the 9s (if my memory is right) and then fell all the way back to the 3s again. So seriously, this frustration is nothing compared to that frustration. At least at this point, we can be very confident the share price will re-rate upwards once those milestones as noted in the company presentation are hit. Most importantly, the revenue is growing daily. With revenue, the company will survive any market rout which can happen any time. A lot of speculative end of the market gets buried in any huge market rout simply because they can't raise capital to survive. PCK won't be in that category. It is as safe a bet as any blue chip based on the fact that it has government funding support to help get it towards revenue positive by end of 2020.

One more time, I wish all of you a Merry Christmas.
Don't drink and ride donkey.
Cuddle everything except cactus or porcupine