“Initial investment for the two new contracts can be funded from existing resources and banking facilities” - Arden 14/06/21
'The Placing will serve to put the Company in a stronger position for the next stage of its development by providing additional working capital to support the growth and delivery of the recently secured contracts, which require upfront capital investment from the Company' - Westminster 17/06/21
So what changed in the space of 3 days?
Perhaps there are further imminent MSC's literally banging on PF's door to be signed. Or.....
Departing figures look pretty consistent around 3-4 each day. Using the A333 Brussels Airlines as a measuring stick (250 -290 capacity), then the figures mentioned previously make sense. Probably not maxed out with passengers each day but a rough guide.
'to be used as working capital to support the initial deployment of long-term multi-million £ annual recurring revenue prospects in advanced stages of negotiation' - implies perhaps that some of these MSC's are ready to go?
Or perhaps Peter means to 'provide a provision for....' Silly me, was getting carried away for a moment there :-)
Evening Mos, hope all is good with you. re next week's webinar, i'd be rather surprised if there wasn't a further update prior to that. The video seemed pretty much like a predetermined set of questions and PF didn't exactly go off track. I'm probably wrong but, as you say, not much of a shareholder webinar if what we currently know doesn't alter slightly before 24th July.