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14.6%

4.7¢ pentanet limited

Ann: Pentanet secures binding commitments to raise $6.1 million, page-11

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5 Posts.

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31/05/23

09:53

Post #: 68049366
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Originally posted by FlyingDutchie: ↑

As I posted in September last year - when they were 29c! This is a plaything of Cornish - when its other people's money it's easy to spend it. The cost of acquisition would continue to impact cashflow - and the slow rollout of new technology (with inevitable problems) should have been planned for. They have lost momentum and NBN has continued to upgrade (and will continue to do so - with no limit on its capital investment).
The idea that you could make money out of gaming whilst at the same time build a Fixed Wireless business, was always going to distract them. They needed to focus on the rollout, grow quickly and build reputation as a viable alternative to the NBN. Instead they just bleed money and have become a capital sink hole.

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Going back to an old post. Dissatisfied Pentanet customer who just left because the network issues and customer service have plummeted. Their value proposition disappeared when they couldn't fill the NBN gap before the NBN inevitably caught up. Which they are now doing (just got fibre installed). Was curious what Pentanets share price was doing and came here to confirm that the business really is in trouble.

5GG Price at posting: 7.7¢ Sentiment: Sell Disclosure: Not Held
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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

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No.	Vol.	Price($)
1	410344	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	17280	4

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No.	Vol.	Price($)
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1	200000	0.045
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Price($)	Vol.	No.
0.047	17280	4
0.048	122909	3
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0.050	36000	4
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