5GG

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

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Stickshift

7,719 Posts.

2019

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 3.4¢		Change 0.001(3.03%)		Mkt cap ! $14.72M

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No.	Vol.	Price($)
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