Hi ICETRADER,
would appear there is very little faith (or knowledge) about PBI's pipeline .... there's been a fair bit of selling in pbios in the past few weeks - and today another 125000 appeared at .11. I'm fully loaded now having been a buyer over the past four weeks, otherwise i'd be having another nibble. Must admit though, I am wondering if the options may languish for a while now, particularly if placement people try and offload their 1:4's to bring some cash back in.
as always PBI will be announcement and revenue driven, as the commercial deals they are working on come to reality there is a good chance for a re-rate. However, PBI remains one for the patient investor who sees the cochlear similarities and is prepared to wait for the rewards down the track.
regards
PBI
premier bionics limited
