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

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    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.
 
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