Why is Share Price Crashing?, page-7

Obviously it’s a matter of opinion but I don’t believe the cash burn is irresponsible at all for what they are trying to achieve. Goldman Sachs even went as far as to say with respect to marketing spend, that it was running well below their forecast for 1H. I also believe they gave a good explanation in regards to the spending in Thursdays conference call. I’d go as far as to say management are doing an excellent job and have delivered on almost everything they have said they would to date, Arizona being the exception, but by all accounts it’s a matter of ‘when’ and not ‘if’.

With regards to ‘management selling down’, since when is 2 people classed as a majority? You make it sound a lot worse that it actually was. Let’s also not forget another person on the board went on to purchase a large amount of those shares that were sold down so they stayed in house anyway.

With regards to the next point, you are being overly dramatic again. Some people may see it differently but I personally wouldn’t look at 600+ mill in the bank and 0 debt as “PBL’s” balance sheets being in dire straits. That gives us a ~2 year runway without even factoring in our 2 biggest quarters coming up as well as an extra top up this time next year when options are exercised.

Finally, you know the share price was at all time highs in Mid/late February this year, so how exactly has the share price been falling for the last 18 months? I’ll give you the benefit of doubt and assume you meant 8 months?

All good to have a differing opinion as this is a forum and no sane person would want this to be an echo chamber, but please don’t be so dramatic and as I said, check your points before posting them as fact.

People should look out for @sweeke and @AlphaX posts as these 2 have brought up some great points since Thursday.