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![Quote](images/misc/quote_icon.png) Originally Posted by silverblizzard888
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.
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Good result for shareholders. These guys move fast.
Get that sales force cranking and invest in the tech.
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Straight up to 85c. Hardly any sellers...
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Member
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
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Yeah agree with that.
scuffle over a small amount of shares going on now...
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Member
Love to see it. Doesn't take much to make this thing move - institutional buying would see it rip.
Last edited by daveypnz; Today at 11:22 AM.
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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.
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Member
$0.95 wowee. One seller at $1.00
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