I'm okay with that, minimal dilution, solves the working capital issue and hopefully puts PWN on sound financial footing to get tankweld back on track from a cashflow perspective. On the latter, I think this is the major immediate risk. If it was easy done then PWN would not have gotten such a good price on the acquisition. I suspect it'll take some very clever business management to get tankweld profitably integrated. The skills required are distinctly different to process engineering (BO's forte). So hoping that the last few years of operations and the board that has been built can achieve this. If so, this is the last little financial hurdle. If not, we will need an even heavier CR at a lower price before year end...
All IMO, please DYOR and GLTAH
PWN Price at posting:
0.9¢ Sentiment: None Disclosure: Held
