As of tomorrow (3 September), Parkway’s name changes to to Parkway Corporate Limited.  Parkway is also converting to a public company limited by shares.
 

This change has obviously been in the works for some time, but was officially voted on at the AGM back in July.

A lot of PWN investors have seen this as a potential inflection point for the company - however, there is probably no real basis for such thinking.

Loyal investors also love Parkway's Managing Director,  Bahay Ozcakmak.  In a statement released to the ASX about the abovementioned changes, he is quoted as follows:

“The completion of the change in company type announced today, to a public company limited by shares, enables the recently renamed Parkway Corporate Limited to advance a range of strategic interests, without the constraints of the legacy company name or corporate structure.  We remain fully focused on advancing our stated dual objectives of building an industrial water treatment business through Parkway Process Solutions, whilst concurrently advancing the
further development and commercialisation of our portfolio of next-generation water treatment technologies. By adopting this parallel approach, our objective is to build an operating capability and revenue base, whilst simultaneously developing a platform from which we can deliver increasingly sophisticated industrial-scale water treatment solutions. We continue to make strong progress towards achieving our stated objectives and look forward to sharing further updates (including in an upcoming corporate update), shortly.”

Bahay always instills confidence in the company. 

As outlined in my previous straw, cashburn and a lack of revenue is company's main problem.   There has been some scuttlebutt about the potential announcement of a contract that would see the company earn some revenue, but as always with scuttlebutt, that may be some time away.

PWN is definitely not the faint-hearted.  It is a highly risky stock that will one day pay off.   Due to the cashburn, I am watching it carefully over the next 6-12 months.   Something could happen.  Who knows.

I am long-term holder of PWN.

The last 12 months have been a bit of rollercoaster price wise and there has been quite limited information released about the company.  

Realistically, it is still a pre-revenue company, so the risk is significant but I would like to think the reward may at some point be equally signficant.  

If one looks at the financial reports and browses the internet looking for information on the company, the main problem is its cashburn.  While it has no debt, revenue from operations is non-existent and it is eating cash to fund its growth.  The consensus seems to be that, on current trajectory, it has about 2.5 years left. 

In my opinion, an announcement that gives investors a bit more optimism is required in the next 6-12 months, otherwise even those with the most conviction for this stock may head for the exit.

PWN might pay off as an investment, but you also have to factor in the opportunity cost of waiting for it to "pay off", if it ever does. 

Not financial advice. I am no expert.