another private placement for funding of computer equipment looking at the pdf given, seems like gp will have a lot of expansion to do. needs cash for this cloud business. looks like they are going big into it
lets see.
1. regarding this new private placement. its an add on from the 1st one being placed out at 0.52. gp has already been saying they want to do pp up to 20% of shares. so now i guess is left about 10 to 15% shares left. so its not much. exact no have to take into account warrants being exercised n so...however i am guessing after this new pp, gp shares will be about 1.25bil? not extra much. now already 1.1bil. so nothing to worry about dilution much.
2. 80mil for 1 yr, 200mil for 4 years spending needed to nurture this new cloud company. they are really going big in cloud oh...wow. all this cash to buy computer equilment...thats a lot
ppl may think ...more pp coming? headache. perhaps 80mil is already raised for the jv. done 200mil 4 years means they need 50mil a year either by pp, or borrow debt . remember they are debt free now so can borrow up to 200mil no problem
so lets see how they progress in the 1st year for this new cloud company. cheers bros. keeping my fingers crossed lol
generally i think its good. since its already approved to do pp up to 20%, might as well utilise it fully. increase shares to be more tradable n lower debt to equity ratio. imagine spending 280mil to build up the cloud business over 5 years! freaking huge investment ah. plus, remember gp is debt free now. so can gear up a bit to finance the cloud business
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