re: Ann: Share Placement under Listing Rules ... disappointing...

re: Ann: Share Placement under Listing Rules ... disappointing to say the least

What actually baffles me is that "cash burn" for March Q was a "mere" 310 K - if I read the report correct

Stated cash reserves were a tad over 1 mill

So why the "urgent" need to raise ?

There is has to be more information to make sense of this - where are the sales and contracts standing ?

As for consolidation:

Cosmetic exercise - doesn't change MC or EPS (or lack thereof)

Wether you earn nothing in a 3 bill share company or a 300 mill share company makes no difference.

I was actually hoping for CNN to be "cash neutral" by now" - guess I was off the mark

Then again:
Delays in certain markets due to policy approvals missing ?
Tighter markets due to overall conditions in retail/wholesale deteriorating ?

Would have thought the Sealed Air contract should give them income (Amazon supplier amongst others) ?


Has Coles been appraoched ? They have the public "spin" of being pro environment and pro Aussie products.