5GG

2.33%

4.2¢ pentanet limited

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

First 18 Last

Share
Profile

Follow
Stickshift

7,425 Posts.

1929

20/03/24

22:40

Post #: 72984114
Share

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.

Expand

"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
Upvote

0 Great analysis

Reply

Top Stories

Nine's staff strike as Paris Olympic coverage begins

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 8 more messages in this thread...

First 18 Last

Add 5GG (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change -0.001(2.33%)		Mkt cap ! $18.19M

Open	High	Low	Value	Volume
4.4¢	4.4¢	4.1¢	$49.61K	1.165M

Buyers (Bids)

No.	Vol.	Price($)
3	315000	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	41260	1

View Market Depth

No.	Vol.	Price($)
3	315000	0.041
4	117000	0.040
3	77282	0.039
1	500000	0.038
1	100000	0.037

Price($)	Vol.	No.
0.042	41260	1
0.050	274334	3
0.051	50000	1
0.052	19249	1
0.053	191851	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

5GG (ASX) Chart

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

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News