The funniest thing is the numbers are actually CONSERVATIVE as @ddzx pointed out in the Pause in trading thread!!
I have seen companies pulled up on projected revenue as well @Sundowner & yes you can understand why the ASX have cracked down for sure, because some are extremely “Pie in the Sky”, and yet the other things we discussed here recently are all OK, & yet things that were in prior investor presentations were removed voluntarily by PIQ for this one. It changes nothing as others have said.
I guess coming up to a very pivotal time for the company with the Janssen collaboration presentation of trial results coming up on the 13th June 80th Scientific Sessions (ADA, Diabetes), they may have had to be the party poopers here.
There can’t be one rule for some Companies & not others, even though this information is available longer term in presentations by PIQ. (So if you missed reading this for people that are interested, look back
I haven’t had time to look all day at anything stock related which is quite normal, but glad to see we are trading again.
PIQ are a very professional company who are prompt with anything raised by the ASX & obviously they were satisfied with this today. We’ve barely had any queries at all, so I think to LTH, this was a bit of a mystery.
A big thanks to Eqz too for posting your ongoing summaries of ANNs for PIQ. I’m sure that will be very helpful as a starting point for new investors doing their DD.
GLTAH
PIQ Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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