How much cash is available and how long will this last based on the forecasted expenditure?
If PEGG isn’t supplying the funds (It appears this might be a good thing from reading the previous intel) who is? Is there a new player in town and is this part of the Mark Read appointment?
Unfortunately you don’t gain a lot of confidence when they release funding announcements because they have repeatedly led nowhere. Given everything I have read PIL is months away from becoming insolvent should nothing change.
What is the true value of PIL? @0.01 it has a market value of $10m. I can’t see how it could be worth anywhere near $10m based on standard business valuation unless you highly value the intellectual property.
May will be an interesting month. Gimme gimme seems confident so I’m waiting optimistically.
PIL Price at posting:
1.1¢ Sentiment: Hold Disclosure: Not Held
