Ann: WFL Completes MOU for Merger with The Brandbase, page-32

Agree. WFL's big issue is funding and it needs money now. We need money not a company which is not profitable or breakeven and its accumulated debts.
If this deal went through in its current form we would give away 18-19% of company to Capital D then Capital D will do a massive dilutive capital raising effectively reverse taking over WFL.

Why doesn't Capital D keep their crummy loss making and debt ridden bag of rubbish and subscribe for 18% of company (WFL) in cash via placement. Clearly Henkel didn't want TBB assets from Invisible brands. So SS packages up the rotten unwated fish into TBB and their debts and shove it into WFL.
As usual another crap deal.

Cannot believe PP would recommend this and I truly wonder if he has any business skills the way he has managed this company so far.

WFL needs money not debt and loss making businesses.