MCL 16.7% 0.5¢ mighty craft limited

Ann: Quarterly Report, Appendix 4C and Strategy Update, page-2

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    "In the event that the Company is unable to formalise an agreement with Better Beer and Pure within the coming months, the Board consider that it would likely be difficult to secure the additional debt or equity funding that would be required to allow the Company to continue its operations."


    So basically if the other 67% shareholders in Better Beer, don't want to sell out their share we are f888cked is the way I read this. If they do agree to sell and we have to do a capital raise to pay for it (as how else can this happen as we are already overloaded with debt) we will be diluted the shite out of but we will still have a pulse. How the fook did we ever get into this position!!

 
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