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Bit light on detail, hard to be inspired by the use of fundsHave...

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    Bit light on detail, hard to be inspired by the use of funds
    Have they run out of money since 30th Dec? They were CF positive with $4.5m in the bank.


    The proceeds of the Placement and Share Purchase Plan Issue will be used to fund:
    • Expansion of the Company’s MyEco range, including both biodegradable products and the new 95% post-consumer waste recycled soft-plastics range
    • A national marketing campaign to support the MyEco product range
    • Implementation of a Global ERP System
    • General working capital
    • Costs of the offer
 
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