I took another look at the recent half yearly report, and I believe that the board is really wanting to yell out their progress, but in keeping with public company trading rules, have given the market very subtle hints of valuable information, that sometimes are more than subtle.
I am so happy to be holding the number of shares that I managed to buy, and continue to look at putting every spare cent I have to get a bit more of PO3. I personally wish that I had a super fund that had money in it, so that I could buy up all the PO3 I could get my hands on. IMHO this is the lowest risk, highest potential reward stock to own on the ASX right now. Here are some of the important points from the announcement, that have given me such a strong conviction of the potential for PO3 to be a multi billion dollar capped company : (highlighting in bold the very good bits )
1. "Mr. Parfet’s experience is well documented and we are fortunate to have access to his knowledge, experience and contacts. This has already assisted engagement with Original Equipment Manufacturers with global brands, distribution and supply chains. "
How much clearer can it be ? They are ALREADY engaged in discussions with OEM's with GLOBAL brands etc !!
2. "These design improvements now demonstrate results well in excess of to those achieved in independent tests in 2018"
3. "The development team continuously analyses competitor claims. A comparative analysis was presented to, reviewed and discussed by, the Board. At the end of this session we were convinced of our ability to present a unique and superior commercial product to the growing market "
4. The Business Development Plan seeks commercial development agreements with OEM’s who have the reach to provide global distribution of our technology. These companies also bring capability in navigating regulatory requirements, strong balance sheets and pre-existing market penetration while operating ethically within the global IP protection framework. We seek to introduce the FRG technology through the use of their trusted household names within respective industries.
Trusted Household names - in other words, further de-risking . They are going to do deals with trusted houshold names. Would a trusted household name OEM be interested in talking to a company that doesnt have something substantial to offer, that they can get somewhere else, or do themselves ?? The same question has been asked a few times here about Bill Parfet's involvement with PO3. Would a guy of his calibre be risking his time and reputation with a company that doesnt have a disruptive technology?
5. The Board also held discussions with Mr. Jim Heath, former President of Stryker Instruments, a Division of the Stryker Corporation - a publicly traded company on the NYSE, and one of the world’s leading medical technology companies. The discussion commenced on sterilization and sanitation issues within wards, operating theatres and hospitals in general. However Mr. Heath also described the significance of the issue of sterilization of medical equipment, particularly in the surgical environment and its implication on Hospital Acquired Infections (HAI). Mr. Heath will advise PuriflOH on the commercialization of the FRG within the medical sector.Stryker Corp !! They name a behemoth company that is a potential OEM for their product !! - and whats more, two of the former board members are BP and JH ! How much clearer can it be ?
One would argue that it DOESNT say "We are doing a deal with Stryker corp " but sometimes it requires the ability to read between the lines, and put the puzzle together ... although in this case, there are only two pieces of this puzzle in front of our faces, and they are a perfect fit.
I believe the mention of Jim Heath and Stryker Corp should have moved the stock price to multiples of previous highs .... so why didnt it ?
This is where I think the market has missed a trick, and opportunity has been created. If PO3 was in the current sexy sector of "payments" , then it would leave the likes of APT and SPT in the dust. Not so long ago it was gold companies, then Lithium, then cobalt which were the daily darlings of the market, quickly rising to stratospheric multiples of their real value, and coming down even faster.
Which is why Im so happy to be a PO3 holder and buyer. Im not in a HYPE sector, nor in a HYPE company. Im in a truly fundamentally superior company that has very little risk. I sleep very soundly at night because the company I partly own is backed by very smart and successful people who have a very strong track record behind them. Imagine if Warren Buffett paid $2.40 for a company trading at 50 c . What would the price be the following day ?
Would those clowns coming here to downramp PO3 even dare to utter a negative word ? Bill Parfet was involved with no less than 3 multi billion dollar companies (all around 60-70 billion) , and now he sits on the board of PO3. What will happen when PO3 gets to a 500 mill market cap and gets on the radar of the funds ?? This is going to be a very big story.
I'll leave with a very topical thought from the Mr Buffett - The Market Can Price Things Wrong -
“Price is what you pay. Value is what you get.”
In other words, don’t focus on short-term swings in price, focus on the underlying value of your investment.
(please excuse any spelling or grammatical errors in the above. and GLTAH)
