PCK 0.00% 3.2¢ painchek ltd

No company likes discretionary spending in hard times but the...

  1. 126 Posts.
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    No company likes discretionary spending in hard times but the aged care industry didn’t liking spending in good times! Hence the investigation into the aged care industry where major negligence of care was reported, among some of the most alarming;
    - lack of food provided
    - lack of incontinence pad provided (limited to 1 per day and left in their own soiled pads)
    - lack of adequate staffing
    - Carers told to exaggerate clients condition to get even further funding from the government!
    - Patients left in pain or have undiagnosed pain

    This is an industry that receives over 18billion of funding per year, this was before increases to funding were even announced. The royal commission into the aged care was put in place due to their negligence of care. Once the report is issued perhaps facilities won’t get to choose where they spend the funds in future as they have clearly been failing to provide the adequate care.

    The fact that you are in the medical field and don’t endorse it is fine that is your experience. Other people in the medical field that have used it first hand have stated that is has been a game changer for them and has improved and helped them in their roles, this is also a fact. Clients that have had pain used on them have been better assessed and received better care, this is a fact too. The government has also endorsed the technology - fact.

    Yes I’m aware of the decline in the SP but for me Painchek has a real product and a clear business model. I believe it has a strong experienced CEO with a vision. This is my opinion.

    I’m fine with those that don’t feel the same like yourself. My issue with Starnegative is that for nearly a year now he/she has been banging on about how the stock is overpriced, overvalued and completely crap, telling every to beware or get out while he/she still holding... madness.

 
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