https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02870108-3A653727

In the PVL quarterly update today they made an announcement and as it has been noted previously by other posters there seems to have been a business pivot. From what I gather this pivot has occurred to increase their investable funds.

“High Investment - Specialist Investment House” with new characteristics.

This might make some holders sell if they were after a simple VC hold however, I can see their logic.

At a time where VC funding is low, looking at ways to bring in funds for further investments is, I think, a better alternative than diluting shareholders.

At this stage the pivot in how they aim to make money seems like a positive way of increasing shareholder value both in the short term and long term.

i am happy to continue holding to see if these additional income streams help increasing their cash to invest whilst, they wait for VC investments to pay off.