Lifesaver capital raising, page-14

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Moneypenny007

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18/04/20

14:53

Post #: 44117601
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Originally posted by Moneypenny007: ↑

I am outraged. Surely shareholders should be entitled to see monthly numbers if they wish.
If this Capital raising is a lifesaver surely we are entitled to truth about this being the case!!
Surely all Radiology businesses would be in similar position? Even the hospital based sites have been affected and are like ghost towns as they wait in preparation for the Covid onslaught. This is the same countrywide!!

Shareholders have a right to know what’s happening.
People are staying home unless essential.
Cash flow - lack of is a disaster
Survival means cash needed and quickly - urgently.
Staff needs to be paid or goodbye business.
My suburban site is dead and now closed for 3 months with staff put off so they can get Job Starter.
My best friend in Melbourne is still working but cut back to 2 days/ week.
Radiology makes good margins once threshold volumes are reached but baseline costs are enormous .
Do your own research . Exclude the top few clinics and Phone 10 of the other clinics and find out if open and providing all services. Maybe exclude MRI sites.
or visit a clinic yourself . Chose one which you know has always been busy.
I suspect this business needs cash urgently!!
Why should it be different to any other business effected by COVID. Most are closed !
Is the cash injection going to be yours ??
Well if it survives it will bounce back but depends entirely on COVID and how long it all lasts.
Good luck. Personally I don’t feel in mood for gambling in current environment.
What upsets me is the bullshit !
“setting up the business for the future”?????
Bottom line is that this is a lifesaver capital raising!!!

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Just tell the truth
“ We need cash to survive ! Just like Virgin and many other businesses”
”If you trust management and believe in this company despite its rocky history , save us with your cash injection please ! We cant afford a drop of 30% never mind 40 or 50%. We need to pay staff primarily to stave off ....This is a crisis time for us. Just like everybody else in business!”

CAJ Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
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