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PNO, PHARMANET GROUP LIMITED
nathanblack
post Posted: Aug 20 2017, 03:59 PM
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In Reply To: plastic's post @ Aug 20 2017, 09:00 AM

PNO went into administration. When they were reborn they were mining company with new asx code CAI. So PNO thread closed and CAI thread opened.

 
plastic
post Posted: Aug 20 2017, 09:00 AM
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How come the HC thread on this has been shut down?



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What did Uncle Mel do to us?
 
nathanblack
post Posted: May 3 2014, 09:25 AM
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As at March 31st they had $14k cash. They have nothing by now. Interesting company and balance sheet. The issues were bad enough when we thought the convertible notes were long term liability. No that they could be called in at any time, it puts PNO in a very tight corner needing to raise working capital and debt reduction. All off the back of a product that has never sold in large quantities over 20years.

The end game seems to be sucking in the americans. Are they that dumb?

If PNO succeed in finding american investors or MTA, then it becomes similar proposition as OBJ and P & G. And we know how their sp responded. PNO would rise sharply.

 
plastic
post Posted: Apr 10 2014, 09:41 AM
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Doesn't something need to be revealed about the debt claim. If its going to Court or mediation, then this must be communicated to market doesn't it.

No company can let a thing like this just fall in to a hole and not inform the market about developments whilst they do their backroom deals.



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What did Uncle Mel do to us?
 
nathanblack
post Posted: Jul 12 2012, 09:30 AM
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In Reply To: melua's post @ Jul 12 2012, 06:08 AM

Fundamentally PNO is an absolute disaster. Minimum revenue and huge losses, year after year, lead by huge/disproportionate salaries.

Not sure what the current play is. It's obvious their will be a cr shortly. I'm in two minds. PNO have successfully pumped the sp many times to cr. So buying now at 0.3c may be an opportunity of that. January 2010 was the best example of that. They pumped sp to over 2c (2.2c from memory), then did a cr just above 1c.

But could go the other way. 0.3c now, no pump, discounted cr, and sp falls to almost unsellable behind a huge wall of cr shares.

The director purchase was $150k. Not small change. But it was Novemeber 2011. Long time now. It was 0.5c and now we are 0.3/0.4c

Director buying or selling is an excellent indicator, but you need more. You need a history of overperforming. You need fundamentals. PNO is heading into dangerous territory and will eventually be forced into a LaJolla/Springtree type arrangement.

 
melua
post Posted: Jul 12 2012, 06:08 AM
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In Reply To: nathanblack's post @ Oct 11 2011, 05:26 PM

nathanblack: "But at this stage, it's starting to look more like he just got it wrong like many directors who buy into sinking ships. But maybe it's only the timing that is wrong."

100% spot on nathan. Just look at a certain Board member's share purchases in BBI at around 27c on the way down in 2008. A few months later and the stock was 4c never to recover. That Board member spent $600,000 buying shares. meant nothing except to prove even directors make huge mistakes (normally because of rose-coloured glasses).


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nathanblack
post Posted: Oct 11 2011, 05:26 PM
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Maybe the massive shortfall will encourage a pump so CPS can offload without losing too much. This overhang will cause short term weakness in sp. The patent approval is encouraging and I've noticed the print ads slowly getting bigger with logos of various stockists.

 
nathanblack
post Posted: Oct 7 2011, 05:41 PM
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Decent volume today. All at 0.5c

I worry that its not a serious pump. Its too soon. Shares haven't been alloted so they cant be dumped yet. And its too early to sustain the sp above issue price for any length of time. Its too late now for the right issue, so its not CPS trying to get more subscriptions. But it might be CPS trying to give their clients a way to buy the undersubcription and orchestrate an exit for them.

It will be interesting sitting at 0.5/0.6, will we break higher or dip back to 0.4/0.5 again.

Certainly the Masters games is getting us attention. Sponsoring the Channel 9 weather. Hats, ssamples, facebook. Momentum is building. An ACA story wouldnt shock. We are paying them for advertising so the might throw a nice story in for free.

 
nathanblack
post Posted: Sep 28 2011, 01:27 PM
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Solid announcement today. TV and radio ads are confirmed and timed to coincide with the Masters Games. So any day now. Also mention of meeting in relation to rights issue, which confirms we do need to vote and that the original format that included rights for ex PNOO holders is still on the cards.

Also 54 stores now stocking it. Thats what we wanted. Not the symbion and sigma deals that only allow chemists to order the product thru a catalogue. This is an actual group buying contract. Although obviously only small and quantity is unknown. But its a start. Only 1946 stores to go.

 
nathanblack
post Posted: Sep 27 2011, 09:14 AM
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Still a bit of a stalemate. No volume going thru. Just in a holding pattern until the rights issue closes. But if their is no news then 0.4c will become more comon post rights. More shares on issue and only way to sell will be to lower the ask to 0.4c to jump the queue.

Not sure if marketing has come far recently, but certainly the product is available in more chemists. So somethings happening. Facebook is great even if it probably doesn't reach the intended target. Masters Games is great. Samples are great. Lets target a few 'hot spots' with the free samples. GPs, nursing homes, physios, etc. The newspaper ads are a little hit and miss. Their haven't been many, they don't say much, and they are hard to find.

All in all PNO is a lot more advanced than 12months ago and sp deserves to be higher.

 
 


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