RE:RE:RE:RE:RE:RE:RE:It's Friday shorties ! better cover before the weekend, I hear you Himmler. The hyposthesis here, is that the Nasdaq is where biotech and technology enthusiasts make their investing decisions, not on the TSX.
Let's face it; Americans have way much money, are much more prone to take business risk, they love tech. Canadians not so much (hey, we have other quality, I would definitelly not go live southern of the border!).
We do not have a culture of biotech investing here that can sustain what PLI could become.
Let's get outta here for god's sake! Let's get some respect! Let get listed on the Nasdaq!
That my opinion on the matter, could be wrong in my assessment... just an opinion anyway.
Cheers to you.
himmler wrote: With all due respect lads,I fail to understand the exhuberance over a Nasdaq listing.Its as though we will jump in shareprice just because we get a listing?
The market doesnt work that way lads.The Americans would just invest in us right now if they so felt like it...as a matter of fact to simplify things why dont they?The exchange rate gives them %20 premium as it is now.And lets not kid ourselves about what the Americans do to our stockmarket...just look at the TSX volume on an American holiday.Its way down...%100 of the time.
There are other factors at play here.And I hate to think about how it can end,but PLI isnt the first company with promising products that are allowed to bleed themselves out.
The business world is merciless,and nobody thats a big player could care less about us as shareholders when and IF..PLI..exhausts its cash options.
They can swoop in and take us out at any time when we hit financial stress.PLI is now,and has been for a few years..in a race against time.A white knight is our only viable option.I'm only attempting to be a realist here..I have much money invested in PLI too,but hopes and faith,and optimism doesnt cut it in this world.
To be blunt..much of the hopes posted by many here are the same as the last few years.And it hasnt helped my bottom line..and yours either I bet.The cash situation must be improved..or we will suffer.