announcement, page-60

re: aust stock report buy rec Yes Vendor, we will be alert and alarmed. Personally, I don't know anything about Aus Stock's connection to the Frost stable so please tell us more.
Couple of points which might help to reassure punters;
- the Peregrine stable could be losing on many of their trades this week because they bought lots of PBI at the mid-30's level;
- the new Chairman-elect is highly credentialled and should help with furthering PBI's cause in Europe;
-recruiting a Cochlear director on to the board was a coup; also suggests that the success so far of Pulmosonic (?) trials could have been a factor in getting him on to the board;
-this is 1 biotech which at least has income- whether their sales will ultimately cover MedicVision costs needs to be pursued at the AGM on Thursday;
- the company has a market cap. of about $18 million at the moment so surely the upside potential exceeds the downside?
As I explained in an earlier post, the departure of a substantial shareholder can often be a good thing -let's hope this is the case with PBI.