PRA 0.00% 0.0¢ promesa limited

Ann: Relists as unified social media messaging platform Thred-PRA.AX, page-76

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  1. 3,697 Posts.
    It may also very well be the reason for the delays in re-quotation.. Promesa ran out of cash months ago that's one reason existing shareholders thought they had done their $ here. Ananda I believe fronted some cash in the form of ST loan (from memory) but ultimately I think MS has possibly through BizSpark kept the deal alive & company afloat through provision of financial support. But that's just my take as it seems to explain why the delays if they were still busy integrating the software with MS0365 and the fact we have come back as PRA could also be a technicality ensuring funding isn't cut off from MS. However the latter isn't really supported given they now have successfully completed an over subscribed capital raise meaning the coffers should be full anyway.. Just spit balling here and best guess work on this post I'm afraid.
 
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