5GG

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4.7¢ pentanet limited

Ann: Trading Halt, page-12

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TopGun1

12,590 Posts.

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20/03/24

14:33

Post #: 72978210
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Originally posted by gregrasbooten ↑

Wow, PAC partners is the kiss of death. Total pump and dump house, hence their nickname "Pump And Crap Partners". No mining nor tech company they've ever backed has gone into profitable production. Theyve got the record for backing the most companies that go bankrupt.
suppose the main red flag is euroz not raising the money, shows how even euroz have had enough of the lies and false assertions. thats big to cut this tie.

$4m cash, $3m already spent out the door on capex for nvidia machine to keep exclusivity for another 6months. Remember, Each six months pentanent has boxed itself tightly into the corner of having to pay $2.5m in capex to nvidia to keep exclusivity. Management have gone and committed to another $5m a year on a game fictional business division with a pittance $400k revenue each quarter, how can the company find all the money to fund these cash burns?. The final $1m of the raise is to plug operating losses, to pay the $1.8m in losses from december 2023 quarter the company deferred timing payemnt on to inflate cash at bank. Doesn't bode well to pay for losses this March 2024 quarter.

How can the company fund all of this when it only has $5.0m cash at bank and losses $2.0m per quarter? Where will the cash for $1.8m Class spectrum due in May come from? Looks like this scam is already cum raise, June 2024 the next raise.

Already the day traders over the last three days who were using t+2 to settle say they are very pissed off. Brokers getting mates rates at 7.2cents, whilst day traders buying on market at 9.0+ . Guarenteed they will be dumping first thing on open to cut their stop-losses. Day traders realised theyre caught in a scam.

so dilution ends up with 430m shares issued after placement. Is 10cents realistic to make it $43m market cap for a comoany with no cash and no growth for two years in its primary telco business? Nah, be very hard to argue this goes 10cents.
valueing it on 1x revenue multiple, looks like 4cents more realistic valuation marker.

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all brokers are the same.

Euroz are the worst!!

You have spent 3 years posting on this company only ,which you have not held.

How odd. What are your reasons? You obviously have something against management.

5GG Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.7¢		Change 0.006(14.6%)		Mkt cap ! $20.35M

Open	High	Low	Value	Volume
4.2¢	4.8¢	4.2¢	$158.1K	3.453M

Buyers (Bids)

No.	Vol.	Price($)
1	410344	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	17280	4

View Market Depth

No.	Vol.	Price($)
1	410344	0.046
1	200000	0.045
1	100000	0.044
2	165000	0.043
3	292201	0.042

Price($)	Vol.	No.
0.047	17280	4
0.048	122909	3
0.049	222222	1
0.050	36000	4
0.051	150000	2

Last trade - 16.10pm 21/06/2024 (20 minute delay)

5GG (ASX) Chart

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