Enprise wants a tiny bit of capital

Source: Jenny Ruth - National Business Review (www.nbr.co.nz)

Enprise wants to be a cash earner, not a cash burner. It's not often a company wanting to raise capital tells you it's raising as little as possible.

Enprise Group wants to raise about $1 million to fund the expansion of Datagate Innovation, an early-stage cloud start-up it bought in April last year and in which it has invested about $800,000 to develop its product to the commercial stage.

Enprise chief executive Mark Loveys says he believes the current share price undervalues the company and he wants to dilute existing shareholders as little as possible...

Read the full NBR article (PDF)

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