re: is it in favour??
announcement driven research and development company ... if you're not holding for medium term youre not holding the right stock ... no point trying to trade this until they hit the asx with a commercial deal (and, with the low number of shares on issue, then it could be too late to jump aboard).
as always ... dyor
PBI
premier bionics limited
agreement to acquire 100% of subsidiary, page-37
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