BPG Black Pearl Group

[Rawz]

It does appear a capital raise will be likely just to prop up the balance sheet, but based on their current cash burn rate of $340k per month and $1.85m in the bank at 31st March, they have over 5 months in cash, which would last until August to the very least, but that isn't counting that their business is constantly growing which means their cash burn is lower every month, which looks like its just enough to get to cash profitability.

Since they have growth plans, they will be wanting capital for growth and acquisitions rather than for maintaining where they are now, which is a very different perspective than your normal capital raise where if a company was not able to raise capital that would be the end. I would see a capital raise being a good thing if they needed the capital for growth just so they can maintain their momentum rather than being like Paysauce that completely halted their growth just so they could be self funding.

I agree Silver, nothing wrong with a cap raise to continue growth. This is the reason why companies are listed- to access capital. As long as eventually earnings turn positive ay...

[Rawz]

Maybe raise $5m at 60 cents a share? 8.33m new shares issued

[silverblizzard888]

Someone gobbed up 100,000 shares at 69 cents, someone sure likes the stock. Too bad theres still a constant wall at 70 cents, whoever keeps popping 100,000 share wall at 70 cents everytime its cleared is pretty annoying, they've been doing it for months now.

[Ggcc]

Someone gobbed up 100,000 shares at 69 cents, someone sure likes the stock. Too bad theres still a constant wall at 70 cents, whoever keeps popping 100,000 share wall at 70 cents everytime its cleared is pretty annoying, they've been doing it for months now.

Give it time. It will probably get easier for people to buy more when they give us an update on ARR next month I believe.

Edited: Sorry spoke too soon.

[silverblizzard888]

Give it time. It will probably get easier for people to buy more when they give us an update on ARR next month I believe.

Edited: Sorry spoke too soon.

Wow were at 71 cents, someone definitely accumulating the shares today, kept buying big blocks of shares. With finalized financials coming out soon, maybe it'll come with a good update on how they did for April and May.

[Leemsip]

Just having a quick read of their annual report.
$7.4m revenue run rate, cash out (incl software development and reseller exp) at about $10m. So burning $200k per month sort of thing with $1.8m in the bank.
Rough guess there is $1.2m remaining.

Would expect a cap raise in the next 2-3 months... Hopefully the last one if they can make it $5m as per RAWZ above....
Growth is outstanding, worth investing IMHO

[silverblizzard888]

Just having a quick read of their annual report.
$7.4m revenue run rate, cash out (incl software development and reseller exp) at about $10m. So burning $200k per month sort of thing with $1.8m in the bank.
Rough guess there is $1.2m remaining.

Would expect a cap raise in the next 2-3 months... Hopefully the last one if they can make it $5m as per RAWZ above....
Growth is outstanding, worth investing IMHO

Depending how well they've been growing their ARR in the last few months, but if they have been growing they likely have recently then they have enough till breakeven. They may raise to prop up the balance sheet, though they have express in the past that they felt the share price was a bit low to be raising too much capital.

[Leemsip]

Yeah pretty dilutive. I think they will have to do it. CFO hating having less than a mill in the bank.... Just more than a month spend....

[percy]

Most positive outlook I can remember reading.
FUTURE OUTLOOK

The US SME market, already hungry for relief from blind pay-to-play advertising and marketing, is now undergoing unprecedented disruption, increasing demand for our services even further.

Pearl Diver is set for substantial growth and has just started tapping into its higher-tier offerings. Our product development remains our greatest competitive advantage, with the Pearl Engine designed to penetrate new areas more quickly than anyone else.

The US market is vast, and we have already proven our growth capability there. As we continue to push forward, we are confident in our strategy and our ability to capture new market opportunities, driving sustained growth and delivering value to our stakeholders in the evolving business landscape.

[silverblizzard888]

Another great update with the last 3 months having averaged $400k gain per month, with an aim to achieve $10m ARR in the next 6 weeks. No word of extra capital needed.

ARR Growth

April 2023	$2.8m
May	$3.1m
June	$3.3m
July	$3.6m
August	$4.2m
September	$4.6m
October	$5m
November	$5.25
December	$5.5m
January 2024	$6m
February	$7m
March	$7.4m
April	$7.8m
May	$8.2m
June	$8.6m