Absolutely. This acquisition is nothing but a very poor deception plan to raise capital. Check out the Balance Sheet of SSH - over AU$5m in current liabilities and no means to repay them without a cap raise.
This will result in an increased rate of cash burn, so any cap raise will have to cover at least 12 months of losses plus a good portion of the current liabilities.
There is no way this is worth anywhere near the consideration being paid...all of which will be in shares.
CPH Price at posting:
9.5¢ Sentiment: Sell Disclosure: Not Held
