PCK 5.88% 3.2¢ painchek ltd

Ann: AGM Presentation, page-31

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    I'll have to admit im starting to lose faith in the story. PD talks about how they've adopted a mitigation strategy for Covid by having a remote digital delivery capability. Verbatim "delivers strong sales growth and business continuity...The digital capability allows the company to sell to RAC facilities. This is a key capability which can be leveraged on a global basis as the company expands into international markets" I'll be exiting around April 2021 if we don't have any substantial contract news. I understand covid has thrown a huge spanner in the works but there's nothing to show they have a remote digital delivery capability thus far in terms of winning contracts especially overseas.I now believe the capital raising wasnt done for international expansion but was done to keep them afloat due to lack of new revenue.
 
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