PBI premier bionics limited

the end of the day, page-11

  1. 1,458 Posts.
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    re: the end of the day-blokes Javip - I wouldn't make the mistake that it's only
    short term investors that are frustrated at some of the
    "action" within PBI. Some investors have been in PBI
    for literally years so have seen the shenanigans at
    close quarters over a period of time.
    If you were around PBI a year ago you'll remember
    that they were buying shares back in the high 30's(the
    hot topic on this board was why would PBI be buying
    shares back with so little cash in the bank?). Of course
    since then we've had placements at 30c and now 25c
    for cash that we don't have.
    Then we get the scenario where an associated entity
    YAM is buying in the low 20's then dumping at 30c
    just a few weeks later(which incidentally did a good job of capping PBI) in a glaring example of short termism.
    Long term holders have a perfect right to raise concerns about governance and disclosure even if they
    do see a lot of potential in the company's products.

    I hold PBI.


 
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