Short Term Trading Week Starting: 9 July, page-84

STTComp PYC, FA Long

MC  $66M
2.14B SOI
Cash on hand ~$2.8m
SP 2.8c

What does the company do? They're a biotech company developing intracellular biological theraputics, using its proprietary technology (FPPs). This is one of the hottest fields in the biotech space right now (see their latest "CEO Update" ann. for details).

There was a significant change of board in April 2018. Alan Tribe appointed as chair of BOD and takes up 19.9% stake in the company, made possible through largest holder/company founder Bernard Hockings giving up half is ~40% holding in the company.

Who is Alan Tribe? Mr IKEA himself is one of the richest men in Perth, having the rights to the IKEA franchise in Australia. Ultra high net worth individual, with now significant skin in the company.

New CEO also appointed at the same time. Bernard Hockings' (company founder) nephew, Rohan Hockings (why not keep in in the family). With Rohan/Tribe at the head it seems like the time to secure a long awaited commercial deal is approaching.

Also worth noting. Today PYC announced change of sub. holder, Mr Anthony Barton himself, director of King River Copper (KRC) buying $500,000 on market who now has a 6.1% stake in the company.

Plenty of smoke signals with this one. Also see below for a writeup released today on the West Australian regarding results from their latest study to be released this month.  

https://thewest.com.au/business/pub...start-animal-testing-this-month-ng-b88890607z