Ann: $2.4 Million Fully Underwritten Rights Issue, page-44

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brainybull

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23/01/18

04:20

Post #: 30484957
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Originally posted by brainybull ↑

Dear Beef
The cap raise presentation notes that 2 sets of results relating to PAT-DX1 are due in Jan 2018. There are only 8 trading days left in Jan 2018. Therefore the SP will rise n expectation of good results. It does not matter that the testing is in a glass dish because in September 2017 the SP rose 700% to 3.3 cents in a couple of days based on results in a glass dish. And I can't see why it cannot do so again especially given the low market cap and reduced funding risk which was holding the SP down. Now that the share issue has been underwritten and money will come in the Bank. I also hoped that the announcements were made after the share issue is fully finalised and the path is clear.

The existence of PAB depends on PAT-DX1. Management must have some knowledge how the testing is progressing. I don't think management will blatantly lie.

The SP has not been rising because there is almost no supply until 3.3 cents. Only $40,000 worth of shares are on the sell side until we reach 3 cents.

I may be foolish, but I have committed a lot in PAB only because it has the potential to change my financial life. I have been investing for over 20 years only in species which could get me millions and my track record has been really bad. But with this low market cap and cancer cure block buster potential, I just think PAB is on something big and this will get me my millions. Warren Buffet said to hit the big time "sell when the market is greedy and buy when the market is fearful". I am buying now and will sell half by holdings at the IND application/ recruitment stage. I expect that the SP will be at least 20 cents at the IND stage and perhaps much higher.
Brainy.

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Bought 100,000 shares today as I am hoping that the lab testing results will take the SP closer to 3 cents. While this is a small amount I am trying to add a little to my holding as the SP rises. My previous strategy of averaging down was a disaster. 2.3 cents sp and $ 17 mill mc is still very cheap if the company is being honest about the potential shown by lab test results. Somebody said that the charts show that the SP could shoot on Thursday or Friday.

PAB Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $12.34M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$518	86.30K

Buyers (Bids)

No.	Vol.	Price($)
3	705914	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	1128726	3

View Market Depth

No.	Vol.	Price($)
4	805914	0.006
15	7449991	0.005
11	6764199	0.004
6	6065682	0.003
2	2770000	0.002

Price($)	Vol.	No.
0.007	1128726	3
0.008	1661233	4
0.009	431000	1
0.010	396000	5
0.011	680000	2

Last trade - 15.42pm 02/09/2024 (20 minute delay)

PAB (ASX) Chart

Ann: $2.4 Million Fully Underwritten Rights Issue, page-44

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