Will Próchnik launch another share issue to help balance the books?

The company has already carried out two share issues this year. Currently, its capital amounts to zł.22.72 million, and is made up of 45.45 million shares. The most optimistic scenario envisages doubling the number of shares, while another option is to issue just 5.45 million new shares. The cash injection from the previous issues, zł.15 million, resulted in a radical change in Próchnik's financial situation. The company rebuilt its own capital and was able to implement a new strategy and increase production. The firm's standing on the Warsaw Stock Exchange (WSE) has remained at more or less the same level for the last three days. The value of the new share issue can be estimated, depending on the number of shares, at zł.3.7 million up to zł.30.5 million. In H1 this year the company recorded a net loss of zł.1.9 million on revenues of zł.2.6 million. (Parkiet, p. 5) A.F.