I didn't think PIQ required any further capital. They had plenty of cash on hand, and their cash burn was nearing cash flow positive.
There better be a bloody good reason for this cap raise. based on the above, i would only deduce that the reason would be Capital required for the Promarker rollout related.
Ann: Trading Halt, page-14
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Last
$1.02 |
Change
-0.050(4.67%) |
Mkt cap ! $133.6M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.12 | $1.02 | $401.2K | 373.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1130 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 8870 | 1 |
View Market Depth
| Last trade - 15.45pm 11/07/2024 (20 minute delay) ? |
| PIQ (ASX) Chart |