PCK 3.57% 2.9¢ painchek ltd

They are addressing the elephant in the room.Anyone who has been...

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    They are addressing the elephant in the room.
    Anyone who has been around these threads for more than 3 months knew this had to be addressed at some stage.
    The complaining by some is perplexing. Just have a look at the chronology of events, they lined up their milestones and subsequent announcements nicely. The share price has quadrupled at the back of real news allowing the company to raise capital at these level; therefore less dilution for shareholders and potentially more capital being raised.
    This isn’t being done at the back of a quick pump campaign, they are going to investors with tangible deliverables and runs on the board.

    All the while we have multi-billion dollars companies like Afterpay who are also in the red but raising capital before informing the market more clearly about their ‘discussions’ with AUSTRAC....with the report due to the regulator 2 weeks after the founders are allowed to sell down a large chunk of their shares.....compare that timeline to ours just saying.
 
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