Looks like (with the exception of 1 or 2 posts) that everyone in the forum has echoed some of the analysis below.
Downgrade doesn't concern me, part and parcel of being listed- the highs and lows of being listed. this piece of analysis below is quite good and you would have to assume they are a little closer and done more due diligence on the disputed items- eg they analyse the procurement and when funding is required to feed the pipeline- you can simply not determine that without an in depth look and discussion with the company.
therefore, I will adopt the view below, and do believe it is a good spec buy.... not all is lost- i worth a punt.
PGX Price at posting:
24.5¢ Sentiment: Buy Disclosure: Not Held