DMC 0.00% 30.0¢ design milk co limited

Ann: Appendix 4C commentary , page-34

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  1. 1,561 Posts.
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    IMO the right questions were absolutely asked at the AGM. Directors did their very best to re-assure holders that no capital raising was required, although the third option they mentioned was a very vague catch-all. To my question, Kiddle even went on to state that the business model is not well understood and doesn't need much capital.

    Luckily, my judgement was to sell as I felt that directors were way too optimistic expecting to close a deal prior to Christmas which would then support loan or other non-dilutive raising. But, I can see why others drew comfort from director statements.

 
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