A ‘cashed up’ buyer for Avenue (for which we paid $19m) is code for we are about to be rogered good and proper.
The cap raising also implies we aren’t travelling in 2h as expected & the cash tin is light and suppliers are putting the pressure on.
Honestly, when will this company learn the truth behind that old Greek expression - fish go rotten from the head down.
Time for more cash should also mean time for management change. I say it is strike 3 for Ryan, off to the showers.
Will Blundy make his move here? Selling this raise to instos will be difficult. I am unsure of whether we retailers will get a look in.
I won’t participate unless management change happens.
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