5GG

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Ann: Trading Halt, page-18

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Stickshift

7,295 Posts.

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20/03/24

22:40

Post #: 72984114
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Originally posted by gregrasbooten: ↑

Wow, PAC partners is the kiss of death. Total pump and dump house, hence their nickname "Pump And Crap Partners". No mining nor tech company they've ever backed has gone into profitable production. Theyve got the record for backing the most companies that go bankrupt.
suppose the main red flag is euroz not raising the money, shows how even euroz have had enough of the lies and false assertions. thats big to cut this tie.

$4m cash, $3m already spent out the door on capex for nvidia machine to keep exclusivity for another 6months. Remember, Each six months pentanent has boxed itself tightly into the corner of having to pay $2.5m in capex to nvidia to keep exclusivity. Management have gone and committed to another $5m a year on a game fictional business division with a pittance $400k revenue each quarter, how can the company find all the money to fund these cash burns?. The final $1m of the raise is to plug operating losses, to pay the $1.8m in losses from december 2023 quarter the company deferred timing payemnt on to inflate cash at bank. Doesn't bode well to pay for losses this March 2024 quarter.

How can the company fund all of this when it only has $5.0m cash at bank and losses $2.0m per quarter? Where will the cash for $1.8m Class spectrum due in May come from? Looks like this scam is already cum raise, June 2024 the next raise.

Already the day traders over the last three days who were using t+2 to settle say they are very pissed off. Brokers getting mates rates at 7.2cents, whilst day traders buying on market at 9.0+ . Guarenteed they will be dumping first thing on open to cut their stop-losses. Day traders realised theyre caught in a scam.

so dilution ends up with 430m shares issued after placement. Is 10cents realistic to make it $43m market cap for a comoany with no cash and no growth for two years in its primary telco business? Nah, be very hard to argue this goes 10cents.
valueing it on 1x revenue multiple, looks like 4cents more realistic valuation marker.

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"Theyve got the record for backing the most companies that go bankrupt"

Evolution Capital: 'hold my beer'

Last edited by Stickshift: 20/03/24

5GG Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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Last 5.3¢		Change 0.004(8.16%)		Mkt cap ! $22.95M

Open	High	Low	Value	Volume
5.0¢	5.3¢	5.0¢	$43.62K	836.4K

Buyers (Bids)

No.	Vol.	Price($)
3	168000	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	37694	2

View Market Depth

No.	Vol.	Price($)
1	98000	0.051
1	100000	0.050
2	113000	0.049
1	140000	0.048
3	430249	0.046

Price($)	Vol.	No.
0.053	37694	2
0.054	114456	1
0.055	250000	1
0.056	77272	1
0.057	100000	1

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Ann: Trading Halt, page-18

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

KGL sniffs 19% Cu from drilling at Rockface play in NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-18

Top Stories

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

KGL sniffs 19% Cu from drilling at Rockface play in NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News