PIL 8.33% 0.7¢ peppermint innovation limited

Ann: Shareholder update and Board changes, page-25

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  1. 272 Posts.
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    @gimmegimme

    "And the second stage raise of $1.5 million - the part where Mark Reid comes in as a director - is also filled."

    Either you are privy to inside information or you just made that up? Where have PIL stated that they have the May funds secured?

    Also im pretty sure when you stop and give it some serious thought, there will be a drop in revenue this quarter IMO.

    Most Filipinos would be locked down with no work and doing the best they can to feed their family. I can't see people putting their bills before feeding their family so i think we will see a huge drop in bill payment activity . As far as the riders go, yes they should be busy BUT you would need thousands of riders to produce any meaningful revenue IMO.
    Whatever the March quarter shows in customer receipts, i am expecting a huge drop in the June quarter because as you say, they only went into lockdown around middle of March & June quarter will show the full impact.
    We all want the company to survive and prosper but i am just being a realist.
 
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