I am not really sure why they are progressing with the acquisition at this point?
The failed capital raising's have been a disaster and embarrassment for management (and holders) - shares have been suspended since April!!
The revised raising is big dilution to current holders and taking on debt at 16% interest rates only really benefits those loaning the moment.
The core business is performing well and the acquisition, while beneficial to the overall business, is not essential to keep growing the business.
It also doesn't inspire a huge amount of confidence in the acquisition of the related party training business....
The Board and Management should consider whether the acquisition and raising is in the best interest of shareholders (including themselves) and pull out of the deal.
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