Ann: Trading Halt-PEH.AX, page-8

If they get a good response from sohps and profs then it's a good sign for the company's future. I also wouldn't be surprised if they do a share purchase plan for retail investors afterwards.

If the cap raise is done at a small discount (say 10cents) then that adds some more confidence. Below 10cents and you have to wonder why they had to discount so far to get interest.

The reason for the raise is a real positive in my opinion. Fast sales growth requires heaps of working capital to fund marketing, people and delivery of product. Cash goes out and comes back in later (and hopefully the profits too).

From here I would hope to see high top-line (sales) growth in the next 12-24 months but probably poor cash-flow and profits. Once growth slows down a bit then you will generally see profits and cash-flow improve and maybe a dividend as the company matures a bit.

Should be an entertaining year or two and hope their client trials go well.