robhood the fortrend funding is available for prr to draw on at any time over 3 years and at the time of drawing down prr will issue fortrend shares at a 10% discount.below is taken from fortrends website.the key to me is point point 2 in the key benefits.when prr struck this funding deal they were under 1 cent and to issue 12 million worth would have been 1.2 billion shares but at current prices were looking at only 176 million shares.so higher the price less shares.
in your other point about martin rogers being in the U.S look at point 4 in key benefits and it states having the fortrend funding gives power with business partners.now rogers can head to the U.S and look for partners while the company doesnt need them unless they want them.prr have the funding but a big name partner for the right price can only lift prr's standing.
-----------------------------------------------------------
Fortrend is pleased to offer an innovation in financing for small-cap companies.
Some of the key attributes are:
1. Raise capital on an as needs basis
2. No investment banking fees up front
3. Cost-effective legal structure to establish facility
4. Easy to set up and administer
5. No prospectus or investor road show necessary
Some of the key benefits are:
1. No risk of under subscription, such as in a rights offering or secondary placement
2. Less stock dilution when used on the back of share price strength
3. Will increase liquidity in the market for the companies shares and increase investor awareness
4. Gives negotiating power with creditors and business partners
5. Leaves you and your team to run the company
- Forums
- ASX - By Stock
- piggybanks
robhood the fortrend funding is available for prr to draw on at...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
34.0¢ |
Change
-0.015(4.23%) |
Mkt cap ! $493.8M |
Open | High | Low | Value | Volume |
35.0¢ | 35.8¢ | 33.5¢ | $1.374M | 3.957M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 95461 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 48512 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 95461 | 0.340 |
3 | 125869 | 0.335 |
9 | 168422 | 0.330 |
5 | 187373 | 0.325 |
10 | 175181 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 48512 | 1 |
0.350 | 78512 | 2 |
0.355 | 81512 | 3 |
0.360 | 162674 | 4 |
0.365 | 56000 | 3 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
IMM (ASX) Chart |