CNN cardia bioplastics limited

ann out : share placement and spp, page-6

  1. 120 Posts.
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    Any idea why they are raising so much? P 21 of the prospectus shows only 400k is neededto double capacity. Why would they need a float of 750k and 2.3 mill of 'other.'

    Also not impressed with the associated fees and 20k in printing costs- is the need to print legislated? Why can't holders be emailed and subscribers use BPAY?

    Not very impressed.
 
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