MHI 0.00% 14.0¢ merchant house international limited

Ann: MHI Quarterly Activities Report & Appendix 4C, page-2

  1. 1,599 Posts.
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    pretty good quarterly. next quarters will be interesting with marketing American Choice, a big shipment and things almost breaking even.

    anyone know why the drew down 5000000 from funding facility when they have so much cash in the bank already?

    only reason i can think is cheap money or want the cash for an acquisition perhaps.

    manufacturing is notmally not my thing but the nos have potential a couple of years down track for dividends and higher SP.

    thoughts welcome
 
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