I've been away for a while. Looking at the pcc appendix 3b ann, they issued 16,039,843 shares in the spp, so that means they raised $1.203m less costs. If TC clients bought $1m worth, that means they only got $200k from 'normal' shareholders.
So pcc had $507k + $1,203k = $1,710k
If their loss for the Dec quarter is greater than $570k (last quarter was a loss of $845k) pcc would have to raise more funds to keep the asx happy.
Something needs to happen, fast!
PCC Price at posting:
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