t_j did you get tjhe nudge nudge wink wink signal from DavidQuote:
$8m raised, quick and easy, and at market price... these "institutions and other select investors in New Zealand" must be very confident in PEB :t_up:
14.6m at 30 September, and 9m at middle of February so $5.6m in 4.5 months ($1.2m a month aprox), Looks like cash burn has not increased (must mean cash flows are increasing well...), and if they had not made the placement, they still could have lasted till September this year... what happened to the whole raising at 5 cents or something at full year (couple months time, not September) You'd think, worst case, they would now have another 14 months worth of cash to burn through so I doubt we'll see the whole scaremongering 5 cents in a couple...
With just $8m raised, seems they aren't to concerned about burning through alot more cash... I did have a laugh when they put "Pacific Edge advises that, as at the date of this release, it is in compliance with its continuous disclosure and financial reporting obligations."... you get the feeling something is great coming, but they can't quite say it yet.
Share price up 10%, but hey this is just the underwriters from a year ago propping it up again right? (right after they brought at market price...) ;)