https://www.nzx.com/announcements/380594
Reminder to get your application in by 13 October for the SPP.
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https://www.nzx.com/announcements/380594
Reminder to get your application in by 13 October for the SPP.
There are many reasons... It may well just be Peacocking. To commit big business it helps to have a healthy balance sheet. + now is the time to hit the sales hard before a retreat back to pre Covid normality...
It does suggest that growth % is only impressive due to a low base though...
Has anyone gone to the trouble of calculating roughly how much existing shares will be diluted by? I don’t think I want to take full amount available but wouldn’t mind topping up to remain at status quo.
At the time of the "surprise" Cash Raise I suggested this was to simply secure funding for W/cap over the next few years, because I believe they are still a long way away from the meaningful commercial uptake the blind faithful here desperately want to believe. And simply that they would not secure that funding once Sept results are out. The faithful here wanted us to believe it had to be for some grand expansion, Asia, new labs, colorectal tests...sigh.
Don't let the story cloud the facts with this one, you are right to wonder about these things. Be careful.
In the health sphere, it's not entirely unusual to want to see healthy financials of those suppliers that you deal with. There would be a degree of nervousness in signing up to use tests from a company that looked like it was only just scraping by. These decisions are not taken lightly as health providers really can't tolerate any disruption to their supply chain, particularly on something that has single point sensitivity like specialised testing.
Wow 380 shares traded in ASX so far!! Aussie retail not interested or are not aware of PEB?
Listing day video for those interested - https://www.youtube.com/watch?v=TeaLO9w7SJc&t=1s