CNN 6.25% 15.0¢ cardia bioplastics limited

ann out : share placement and spp, page-26

  1. WHY
    846 Posts.
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    I think so. As for every growing business, they need more working capital to buy more material, build up inventory, and fund the trade receivable terms with multiple customers, hence the 2 mil odd $ required. I confirmed this understanding today touching base with Frank G over the phone this afternoon. :) I am happy to fund them. I think any shortfall in the raising will not be too hard to find sophisticated investor buyers afterwards.
 
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