Pharmazen

[Minimoke]

Odd!
In 2018 Annual report delivered on 26/3
2019, 4/4
2020, 23/3
2021, 22/4
2022, 29/4
2023 15/5

Today, 15/5/2024. Crickets!

And no bids / offers on market

Given nature abhors a vacuum I'l speculate that there are challenges around the accounting for Cibus.

[Breezy]

Odd!
In 2018 Annual report delivered on 26/3
2019, 4/4
2020, 23/3
2021, 22/4
2022, 29/4
2023 15/5

Today, 15/5/2024. Crickets!

And no bids / offers on market

Given nature abhors a vacuum I'l speculate that there are challenges around the accounting for Cibus.

Challenges all round has been the name of the game here for a few yrs now, need to see some traction by this company over the next year or it could well become a dinosaur. Price at least a $1 below where I expected it to be at this stage.

[Basil]

Odd!
In 2018 Annual report delivered on 26/3
2019, 4/4
2020, 23/3
2021, 22/4
2022, 29/4
2023 15/5

Today, 15/5/2024. Crickets!

And no bids / offers on market

Given nature abhors a vacuum I'l speculate that there are challenges around the accounting for Cibus.

This encapsulates everything I despise about the unlisted market.
When there's good news, they get the result out in late March, (2020 year), otherwise it just keeps getting later every year.  If it was listed on the NZX as they stated was their goal some years back they have to report within 2 months from end of the financial year (end of February 2024) and yet here shareholders are nearly 5 whole months after the end of the financial year, (long after insiders would be well aware what the result is), and minority shareholders are still in the dark.  I think this situation is absolutely disgraceful and a damming inditement on the state of governance in this company.  Good luck to shareholders, I think you are going to need it.

[Minimoke]

This encapsulates everything I despise about the unlisted market.
When there's good news, they get the result out in late March, (2020 year), otherwise it just keeps getting later every year.  If it was listed on the NZX as they stated was their goal some years back they have to report within 2 months from end of the financial year (end of February 2024) and yet here shareholders are nearly 5 whole months after the end of the financial year, (long after insiders would be well aware what the result is), and minority shareholders are still in the dark.  I think this situation is absolutely disgraceful and a damming inditement on the state of governance in this company.  Good luck to shareholders, I think you are going to need it.

Its very slack of them to not keep market updated

[Breezy]

Result just out along with AGM details, just a pass IMO. Resolution to alter employee share option exercise price from 66c to 25c is a joke, they obviously don't have much faith in the sp going anywhere for some time.
Chairman Ken Fergus said:Our capital investment and expansion program over the last few years is truly delivering for the company, okay well if you say so but it sure ain't delivering for shareholders.

[Untamed]

Result just out along with AGM details, just a pass IMO. Resolution to alter employee share option exercise price from 66c to 25c is a joke, they obviously don't have much faith in the sp going anywhere for some time.
Chairman Ken Fergus said:Our capital investment and expansion program over the last few years is truly delivering for the company, okay well if you say so but it sure ain't delivering for shareholders.

I agree. I am not "feeling" it with this company anymore. I wonder how many employees bother to exercise their options, even at 25c.

[Minimoke]

Despirte hard first half, year end
Sales up 26.3 from 28.8m
Net profit up 5.5m from .78
Earning per share 2.49 from 0.36
Cash on hand up to $18.6 from 4.4k
Inventory levels same as last year
Bank OD down to 1.8m from 5.1m
Receivables exceed payables
Assets (increased) exceed liabilities (decreased)

Lease liabilities up hugely - bo doubt due to sale and lease back of rolleston

Movinginto pet food and Aioroa being rebranded.

[Breezy]

I agree. I am not "feeling" it with this company anymore. I wonder how many employees bother to exercise their options, even at 25c.

Apparently they have no incentive otherwise, how about believe in better for a start and let's get this on a main board which was proposed about 4 yrs ago. I note that after more than a month of no trades the 21k share bid parcel went through this morning at 30c, probably an insider needing a new deck.

[Untamed]

Apparently they have no incentive otherwise, how about believe in better for a start and let's get this on a main board which was proposed about 4 yrs ago.

Well 25 isn't much of an incentive when the share price is currently 30c. I wouldn't exercise them if it were me.

[Minimoke]

Looks like Craig McIntosh is being nicely enriched via his loan that hes getting 12% interest on.

[Breezy]

Well 25 isn't much of an incentive when the share price is currently 30c. I wouldn't exercise them if it were me.

Maybe not for long as there are no bids and im sure some of these employees will be happy to toss them out at 25c as soon as they are able to.
Anyway I've got too many shares to do anything, hopefully I will be at break even come my retirement in just over 2 yrs time. Lol

[Untamed]

Maybe not for long as there are no bids and im sure some of these employees will be happy to toss them out at 25c as soon as they are able to.
Anyway I've got too many shares to do anything, hopefully I will be at break even come my retirement in just over 2 yrs time. Lol

Fortunately I have bugger all. I don't see me ever breaking even now though. PAZ feels a bit like BLT these days.

[Breezy]

Looks like Craig McIntosh is being nicely enriched via his loan that hes getting 12% interest on.

Okay let me smack the wall one more time before I grab a bottle of wine and retreat to my grumpy cave.

[Minimoke]

Fortunately I have bugger all. I don't see me ever breaking even now though. PAZ feels a bit like BLT these days.

Dont worry. 2024/25 Will Be Our Year!

[Untamed]

Dont worry. 2024/25 Will Be Our Year!

Sure it will