BPG Black Pearl Group

[Ggcc]

Looks like no capital raise require now, they will get a $5m revolving credit facility from BNZ.

"Black Pearl Group Limited (NZX:BPG) is pleased to announce that it has today entered into a NZ$5 million revolving loan facility with Bank of New Zealand."

"Now, weeks away from reaching NZ$10 million in annual recurring revenue (ARR), we could fund our growth from monthly net cash. However, our aspiration is to achieve true scale, one befitting our market opportunity – after all, there are 33 million SME businesses in the USA."

https://www.nzx.com/announcements/436317

This in my feeling might put a rocket under the share price.

[Leemsip]

Good result for shareholders. These guys move fast.

Get that sales force cranking and invest in the tech.

[Leemsip]

Straight up to 85c. Hardly any sellers...

[sunnysleeper11]

a bit of a battle
founding shareholders are probably looking to make profits
NZX institutional buyers are probably getting interested
They may have asked BPG and made some offers to buy a decent chunk but BPG said yeah nah
So they may have asked the founding shareholders to buy a decent chunk who said yeah nah
so the only way the price moves is if retail shareholders bid up the price while the founding shareholders sit on their hands

[Leemsip]

Yeah agree with that.
scuffle over a small amount of shares going on now...

[daveypnz]

Love to see it. Doesn't take much to make this thing move - institutional buying would see it rip.

[percy]

I watched the agm and expected they would do a capital raise shortly.
I held some funds aside for that as I wanted to add to my small holding.
As they are [wisely] using debt to fund growth, I used the funds I set aside to add to my holding at 88 cents.