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Bullboard - Stock Discussion Forum Pounce Technologies Inc. V.POI.H

Pounce Technologies Inc has no active business and is currently looking at new business opportunities for a strategic acquisition and a simultaneous financing.

TSXV:POI.H - Post Discussion

Pounce Technologies Inc. > Financing should be closed now
View:
Post by lscfa on Mar 03, 2016 5:50pm

Financing should be closed now

Strategic investor has committed to $3.5 million, insiders $200,000 for $3.7 million or 6 months at burn rate of $600,000/month......6 months buys us time for stock to get to $0.12 and exercise of 1/2 warrants for $2.2 million, which buys us time to get stock up to $0.20 and exercise of 1/2 warrants for $3.7 million.
Comment by Arturs33 on Mar 03, 2016 9:41pm
I think buying right now is a no brainer, this company in not going anywhere. I was hoping the growth would come sooner but with these market conditions it's not a surprise that it is taking this long.  With the streamlined integration of companies and less labour required, every company will add to the revenues with little costs added to the process.  Its altready been proven that ...more  
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