ZLD 0.71% 70.0¢ zelira therapeutics limited

Ann: Zelira to acquire Health House International Limited, page-3

  1. 123 Posts.
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    Buying a company that's run out of money and in debt...

    Under the Scheme, Zelira will issue shares to Health House giving Health House parties a 19.45% interest in the expanded Zelira.

    So what's that, another 400mill shares issued? They're also loaning $1.5m for working captial to keep them afloat... That $7mill in cash as of 31 Dec 21 aint gonna last long (esp if they're posting another 2.5mill loss this quarter).
 
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