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Ann: Commentary on 2016 full year results, page-44

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dandandan

328 Posts.

01/03/17

15:10

Post #: 23013959
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Originally posted by Chartor ↑

If you go back in time - 19 May 2016 - their key distributors took a placement of $7M or so at $0.21 per share - which is oddly similar to the capital refurbishment of $7M fully expensed and given as a reason for reduced sales. So they have core distributors giving a vote of confidence in the Company (CEO's words) that the Company has quite happily torched. So I wonder that money even made it into the Company, which would be an interesting question of auditors. The Pet Chairman won't tell us the truth.

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It's in the accounts 2016 half year accounts page 14. Proceeds from issuance of shares 7,350,000

Last edited by dandandan: 01/03/17

XPD Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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