That's the way I see it...... glad I got out and am watching from the sidelines.
Must go and do some research on Task.
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$120M for $2.4M Ebitda.
Are they seeing Blue sky, or just giving PX1 shareholders the Blues?
Taken TASK 20 years to grow revenues to $20m
Suppose the owners deserve $120m for perseverance
Here's a link to TASK's software offerings....... claims Starbucks, BakersDelight, and Bank West Stadium as clients.
Have yet to sight the financials.
Well, that’s the cash in the bank gone. Where is the cash now to fund the cash burn?
Task shareholders have got their money (cash) and PX1 shares at 60c - 50% discount to the $1.20 capital raise sp last year.
What are PX1 directors trying to tell existing shareholders?
You mean this part?
"The transaction is also subject to Plexure undertaking a capital raising of up to A$20m prior to completion (and a shareholder vote in favour of such capital raising). Plexure is able to waive this capital raising condition at its discretion and the Plexure Board will decide (and announce) soon the most efficient way forward regarding any such capital raising, including the extent to which it is required."
Ifs and buts.
Sad to see the company is going onto that kind of acquisition, even though the integration of both plarforms makes sense. It is equivalent to a back door listing for TASK. This explains why the former CEO left immediately.