My 2 cents worth

Hi all, For a company to make an acquisition under this condition, the management is desperate to make some easy bonuses, based on EBITDA.

I hate to say this, but as a holder, this deal stinks!!
I can't believe the management is prepared to pay a premium( with so much uncertainty ) for a company that make $20m in revenue. This should of mean that Haloo food should of been valued at $60m(equates to $0.2 a share).

Considering that mummy's products might be produed by a third party, that is even worst. Buying an intellectual property without any real physical property for $20m is rubish!

I suspect some dirty work is being done around this ground!!

I encourage holders to show the middle finger for this deal.

for a company that can't even make a profit and keeps sinking itself in more debt is even worse. Sound like a set up for failure!!

Management should focus on improving margins and get some value back to shareholders, not destroy it. Once profit become more stable, then acquistions maybe welcomed.

It looks like a mate's deal to me !!