5GG 4.55% 4.6¢ pentanet limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-23

  1. 22 Posts.
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    - just to be clear, there is no exclusivity as of today. There is still a requirment to order another 18 servers and waste $8m of shareholders money. But youve done your research so you know all this.
    - capital raise was forecast in the prospectus, you are right. Its so great when someone does their research. Was it forecast to be 5 months after an IPO? Or was it forecast to be in 2 years of the ipo? Was the cash actually needed now, or where they taking advantage of an over valued share price to sell shares to retail and minimise dilution for the management shares at 13cents? The answer to that question, is if they did not raise, there would be $12m cash at bank, so there would have been more than enough cash for what six months, 9 months, so you can read the real motive behind the cap raise.
    - okay thats fair enough you havent done this research, you might want to look this information up. Its in your best interests, unless in 6 months time you need a tax loss offset.
 
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