I received at least two emails regarding the capital raise. I have decided not to invest more money in this share until they start performing better. I only have a few shares left.
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Wow!!!!
PACIFIC EDGE SUCCESSFULLY COMPLETES CAPITAL RAISING
http://nzx-prod-s7fsd7f98s.s3-websit...868/294118.pdf
Not a single word on how much has been raised via the SPP.
Headline must mean that PEB received the full $5m they were looking to raise from the SPP?
Don't even know how these guys can keep getting money, if they don't turn this around soon, could be another Wynyard.
Exact same story, big potential market, slow growth, burning through a ton of money and making massive losses.
When do we know what amounts that the fishheads have taken up in the recent SPP , IMHO if there is not a 100% takeup by all of them that to me says that we are on a slow burning death and they are in this outfit for the money, nothing less !!
Apparently "successful" means that they raised $5 mill....
"Dunedin cancer diagnostic company Pacific Edge's shareholder placement plan raised the $5million sought.
The shareholder plan, which was not underwritten, was the second tranche of Pacific Edge's latest capital-raising programme, the company having already secured $7 million from issuing new shares in late November."
"The [$12million] funds raised provide extra capital resources to assist the company to progress its commercial objectives and become cash flow positive as soon as possible,'' Mr Gallaher said.
https://www.odt.co.nz/business/pacif...areholder-plan
http://nzx-prod-s7fsd7f98s.s3-websit...025/294300.pdf
Strong SPP, raised basically the maximum.
All too easy, no worries.