NNG 0.00% 2.0¢ nexion group ltd

Good to see Volume is returning, page-9

  1. 2,214 Posts.
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    It means should these deals ever consumate that at current levels existing shareholders will be very heavily diluted, all to access $1m in EBITDA from the two businesses.
    How on earth this Company can access debt funding, as it claims it can - although the persistent delays in executing paperwork suggests that they dont really have a deal - when it itself has a cash balance that leaves it hanging by a thread quarter to quarter, barely any organic growth, no CEO, yet to achieve positive cashflow, owes the ATO $1.2m with half of that current and needs debt funding about 2x the current market cap stretches credibility.
 
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