I thought stage 2 of Pennybacker is paid upon the business meeting future performance hurdles. The $11m should not be required yet. Working capital of $20m looks took much if the portfolio returns $25 million after expenses per year. I think the board should have mentioned the capital raise with the announcement. The announcement should have stated how the acquisition would be funded.
News: PAC Pacific Current Group Seeks Trading Halt Pending A Proposed Capital Raising, page-6
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Last
$10.40 |
Change
0.040(0.39%) |
Mkt cap ! $536.3M | |||
| Open | High | Low | Value | Volume |
| $10.29 | $10.60 | $10.29 | $328.3K | 31.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3141 | $10.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.40 | 986 | 1 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |