Yeah, I came to the same conclusion and then you factor in the off balance sheet obligations like Chemist Warehouse contractual $1mil/annum marketing spend for Uganic brand and you see she'll be capital hungry for a while on whats an unproven business model to date.
Lets hope this Zack character actually still believes in the proposition and has the pedigree to drive results. Him and his business are the only new variables in this situation.
Ann: Wattle Health Launches Rights Issue, page-5
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