re: down down down plough,
management of pbi include the blokes who designed the technology ... they hold lots of shares and have not sold any in recent time, in fact they've bought more -- now what does this say? Also as doctors and researchers, these guys will want to see their devices making a difference in medicine .... hard to believe i know, but they do have other motives other than just turning a dollar.
I think if you look back over recent announcements with a dispassionate eye you will see that management have been diligently working to improve shareholder value. Now the market says PBI is worth .195 ... i say this is oversold and will be corrected when the bio sector improves and PBI starts announcing revenue generating contracts ....
until then, with tax loss selling and life science sectolr on the nose ... it could go lower ... but i woud argue this has everything to do with sentiment and nothing to do with current management
...
cheers
PBI
premier bionics limited
