PIQ proteomics international laboratories ltd

1.41%

36.0¢

Don't forget El Salvador, what happened with that?

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brahms

2,908 Posts.

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11/06/22

07:45

Post #: 61953108
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Originally posted by Eqz: ↑

Yesterday I had a hard think about PIQ, Richard & the markets in general.
BIOTECHS have been absolutely smashed everywhere, there has been such a large sell off from all growth and unprofitable companies.
I look at IMU and it's huge sell off similar to another another Genomics company I am heavily invested in (NVTA) which is down over 90% from its highs (it's now trading at cash value).

I remember at the peak of the bull market, I could have liquidated all my positions, been mortgage free and put a decent amount to throw into a blue chip for passive income via dividends. But atlas, I fell into the trap that most of us do..."it may go higher".

I think the macro environment is looking worse day by day and as I reflect on PIQ and the failure of Richard to materialise revenue, I grow more and more disappointed with how things are looking. Yes bringing a test such as this to market and generating hundreds of millions of dollars is no easy feat, and rightfully so it should be, due diligence needs to be done and patient best interests should always come before profits.

BUT.. I would like to see more transparency from Richard, the constant opaqueness of statements such as 'negotiations are in advanced discussions' has been said for now 2 years, FDA submission now overdue by nearly a year and now more fluff around ISO qualifications when earlier ASX releases stated that manufacturing workflows were ready to go for mass production. Not a peep out of Italy despite prior wording stating 'first sales imminent', Israel delayed registration now pending on TGA? why? UK silent now as well.

Now don't get me wrong, I love the pipeline and clearly the IP has huge intrinsic value and this is why I remain invested.
However, I have recently reduced my position by 50% as the constant delays and lack of transparency has made me a bit cautious now.

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Don't forget El Salvador, what happened with that?

PIQ Price at posting: 88.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 36.0¢		Change 0.005(1.41%)		Mkt cap ! $58.86M

Open	High	Low	Value	Volume
37.0¢	37.0¢	35.5¢	$116.7K	323.1K

Buyers (Bids)

No.	Vol.	Price($)
3	13166	35.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.0¢	113491	3

View Market Depth

No.	Vol.	Price($)
3	13166	0.355
10	175881	0.350
2	4944	0.340
1	1500	0.335
2	6745	0.330

Price($)	Vol.	No.
0.370	113491	3
0.375	2498	1
0.380	36355	3
0.385	19500	1
0.390	24000	2

Last trade - 16.10pm 20/06/2025 (20 minute delay)

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Don't forget El Salvador, what happened with that?

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Don't forget El Salvador, what happened with that?

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

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Buyers (Bids)

Sellers (Offers)

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