Pounce Technologies Inc. V.POI.H

Last bought deal

[lscfa]

Was upsized from $5.3 million to $7.5 million. Demand from investors was there at $0.46 and there were no warrants attached!

Why didn't the fools raise even more money back then. They obviously had internal cash flow projections that showed they would need more money by year end. 

These tech companies are all the same. They think their idea is worth a gazillion dollars and they are convinced the market will realize it too any day now. So the idiots do minimum capital raises hoping all the while that the stock price will rise before the next need for cash.

SLC's CFO should be fired.

[HagenvT]

lscfa, I don't think they focus on the share price at all. They focus on developing their business and so far there is no information available that shows, they didn't do that wright. I rather think something happened, that forced them to change their plan, which originally included to raise money in or after Q1/2016. Let's hope it was because growth accelerated stronger than

[lscfa]

That's the problem - they don't focus on the share price at all. It's irresponsible to abuse existing share holders like that. The bought deal in May estimated they would have sufficient funds for 9 months. That would have meant the end of January 2016. They chose to raise only $7.5 million because like all these cocky tech mgmt they believed the stock price would be much higher then.

[lscfa]

p.s. The EuroPacific 12 month target price of $0.85 assumed a $10 mil equity issue in 2016 at $0.50. So adjusting for the current 45 million share issue the revised TP would be $0.67, still a 3 bigger from this level.

[bullmarkets]

oh and they were so right about that last target. the company is selling @ .20 cents. and i doubt they do the full financing amount.  they burn through crazy amounts of cash..

[Joe454]

This post has been removed in accordance with Community Policy

[StyllLerning]

In hindsight it certainly would have been a good idea to raise more at the time, however a larger ask may have scared the interested investors so it may have been somewhat strategic. My suspicion with the raise now is that they will not meet the 3-5 new contracts by year end and they are anticipating the price could drop further if they wait until the end of the quarter. By my calculations (a lot

[BumpInTheNight]

Since the conference call back in october slyce has signed 3 new contracts and a 4th contract with neiman marcus, which was upgraded to offer more of slyces services. They are doing a good job in terms of contracts IMO and are doing everything they have said they would do. The only thing that changed was the financial deal, which wasnt suppose to happen until the first quater. I Agree with