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Ann: Trading Halt, page-81

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  1. eason2946
    301 Posts.
    lightbulb Created with Sketch. 539
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    07/08/20
    12:04
    Post #: 46375721
    Definitely an unexpected and somewhat disappointing announcement to be honest. With $6m+ cash in the bank and cash flow positive, to raise another $10m at $0.11c because of 'expansion into Europe, Canada and USA' is not a good enough answer. And to think that back in April I thought I was wrong when many posters claimed no CR is expected for another at least another 18 months and I thought this is the case.

    I was hoping it might be Phillips related news that they might be doing a strategic collaboration or Phillips is investing in PCK. Maybe this will be the case when the official news is released but I highly doubt it.

    I guess we shall wait and see what's in the news when it's released.

    GLTAH and DYOR
    Last edited by eason2946: 07/08/20
    PCK Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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