@Maverick1975
PIL stated that the $1.5M funding will be used to launch BizmoPay. They also stated they they expect a cash burn of $1.2 million this quarter BUT how much of that cash burn estimate did they allow for launch of BizmoPay???????
My point is that they could very well be bringing in enough revenue to cover costs BUT they dont just want to cover costs, they want to grow rapidly and so they need extra funding to grow the business.
Share price when trading resumes, page-55
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Mkt cap ! $29.69M | |||
| Open | High | Low | Value | Volume |
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