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It sounded like first point of call was a local bank overdraft...

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TwinTurboCelica

9,328 Posts.

190

05/03/19

14:24

Post #: 37658159
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Originally posted by BkrDzn ↑

I was on the call. Firstly no company will ever officially say they need a raising ahead of doing one. Companies are always fine until it happens so this will be a test on their credibility.

PaaS is big in Latam because when many clinics upgrade software the are also upgrading equipment. Overhaul essentially. When they do, they want turnkey solutions. Good deals but takes up working capital and it seems its a high mix of deal flow so new deals come with more working capital needs that aren't met by cash inflows. Without debt funding they are at risk of needing one as ARR doesn't cover the cost base yet. The pipeline is big but future potential revenues doesn't fill today's cash deficit for implementing known deals. There is a temporal mismatch that has to be solved. The market thinks its going to be filled with a CR.

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It sounded like first point of call was a local bank overdraft for working capital requirements. Also given the $2.5M+ in receivables, they seem to be funded IMHO. If the 2.5c share price is on fears of a CR, then the market has it wrong IMHO. Whilst funds in hand could be better, the only thing to tip them over is a large PAAS deal requiring CAPEX.

Either way, I still think the risk is well and truly to the upside IMHO.

IME Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 36.5¢		Change 0.045(14.1%)		Mkt cap ! $21.89M

Open	High	Low	Value	Volume
36.5¢	36.5¢	36.5¢	$7.3K	20K

Buyers (Bids)

No.	Vol.	Price($)
1	1484	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	17167	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.025
2	140941	0.024
3	187145	0.023
1	200000	0.022
1	30000	0.021

Price($)	Vol.	No.
0.027	113404	1
0.028	900000	3
0.030	262500	2
0.031	100000	1
0.032	72081	1

Last trade - 14.07pm 02/12/2024 (20 minute delay)

IME (ASX) Chart