I'd guess a cap raising looking at the cash balance. Hopefully tied with some good news.

On queue! Just before a dreadful qrtly. Pointerra’s MO now. Skeptical looking forward and hoping to be pleasantly surprised.

Yeah, that was my first guess. Looks like a cap raise was coming big contract or no big contract. Surprised they left it this late, tbh.

Surely a cap raise given the balance sheet. Ugh, what kind of awful dilution are they going to have to do to keep this dumpster fire afloat?

As @mikebrisy said, they have stated in their Trading-Halt.PDF request that "the reason for the request is to facilitate an orderly market in the Company’s securities pending an announcement regarding a material contract award;"

I guess there's an outside chance they might announce a CR at the same time, but I would think the better odds would be on them releasing this one first (the material contract award), hoping for a big pop when they resume trading, and THEN call another trading halt for a CR.

[Not held]

I think you are right Bear. Raise on the expected SP pop.

I agree that “pump and raise” is the most likely scenario. Would be very on-brand.

I imagine that Ian & co will be working very hard to front load the contract as much as possible. And a lot of their customers don’t mind paying up front.

If it turns out to be a sizeable deal with a nice cash flow profile, it could be interesting. Could remove the solvency issue and reinstate the growth narrative.