Ann: Completes placement to raise $25m, page-48

  1. 1,245 Posts.
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    you're having a laugh here surely. the ann's for both acquisitions said that they were funded through the debt facility. and yet none of this cr money is going to pay that off, its going to pay for the acquisitions that have supposedly been paid for with debt already. If you can honestly tell me that these criticisms aren't warranted then you have some screws loose. You can't sugar coat this. management has been great up to this point but that doesn't mean they get a free ride when they lack transparency on details of how millions of dollars have been spent, or that they have had the opportunity to raise funds at the same level as the shares for these purchases were issued but instead waited until now. no one can read the future waiting 6 months to raise funds for acquisitions in the hope the sp is higher is a bad move, once the deal is done it should be done, terms are accepted at the time of acquisition and this leaves a rather bad taste imo
 
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