MBH 0.00% 5.1¢ maggie beer holdings ltd

Trying to raise capital at 80% of the initial raise price in six...

  1. 117 Posts.
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    Trying to raise capital at 80% of the initial raise price in six months time and no interested. This has been a cluster $#@% so far, I hope things will improve from here but management needs to work on a better strategy, atleast better than - we will expand our network.
    Looking at half yearly sales we are selling around 30liters per store per day on an average based on around1000stores. At this rate we will lose more money on distribution and SD is a great example where we increased market presence and still losing money. We need a decent size market, one which will pick product in bulk.
    I also think management must be working on some sort of strategy but they need to be more open to the market and come up with some positive announcements(some thing better than butter is by product of skim milk).
 
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