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OK pardon my ignorance but we have $11.4 mill in the bank. The...

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    OK pardon my ignorance but we have $11.4 mill in the bank. The sale of PEC was meant to be for $15 mill with agreed adjustments for net debt and working capital and a provision of $500k for incentives of PEC employees. Can someone please explain the discrepancy ? I understand that having a considerable cash buffer is good but does anyone think it may act as a disincentive to get this company moving ? We need to generate revenue to grow the business rather than funding through cash reserves.

    I haven't run any numbers but I'm guessing we would need about 30% growth in revenue year on year for 2 years to break even. Is this feasible ?
 
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(20min delay)
Last
8.2¢
Change
0.000(0.00%)
Mkt cap ! $118.8M
Open High Low Value Volume
8.2¢ 8.2¢ 8.2¢ $4.182K 51K

Buyers (Bids)

No. Vol. Price($)
7 1698443 8.2¢
 

Sellers (Offers)

Price($) Vol. No.
8.3¢ 2441352 4
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Last trade - 10.02am 20/06/2025 (20 minute delay) ?
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