as far as i'm concerned nothing has changed..only goldie was correct once again,lol....pie is now cashed up, with revenue fron Telstra yet to come in...No Panic people.Forget about the Buy side..some are trying to scare people.Hold on ..Tomorrow is a new day...all good!
Gas, the capital raised will give PIE a cash balance of about 3m at 30-Sep.
If you think 3m is enough to roll-out to TLS, AND cover the normal cash burn of 1m per quarter, then you cannot think that it will be a big roll-out.
The company stated the reasons for the capital raising, and it wasn't mentioned that it will be for a roll-out.
The logical assumption is that as PIE have raised money to keep them above water for another 6-9 months. This shows no confidence that there will be any income from TLS for quite some time (6-9mths+) - if at all.
Should a deal be struck with TLS, then more capital will have to be raised. Do not forget that the invoicing will only come after installation and probably on 60-90 day terms.
And with the extra 145m tire around the neck of the share price, I'd bet my bottom dollar that the next capital raising won't be above 1.6c.
Do not be at all surprised to see 2b+ shares on issue next year.
Funded by debt....LOL. Yeh..right!
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