I also forgot to mention , the cash flow situation The cash flow statement shows that company lost 100 k last year, and now has 300 k left, this should never have happened with Peachey's, they are going to desperately need that 500 k govt grant How is top line going to improve ?, there does not seem to be any new contracts. Are we going to see another acquisition, this will require capital raising or debt, neither of which sounds good. The PE is too high, for a company in this situation, risk abounds. There do appear to have been some very well placed selling of this stock over the past few months, ever since the announcement of the government grant. Good luck to all holders, I am taking what's left of my money and going to play somewhere else
LBL Price at posting:
7.1¢ Sentiment: Sell Disclosure: Held
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