CLB 0.00% $1.10 candy club holdings limited

Ann: Non-Renounceable Rights Issue, page-15

  1. msx
    662 Posts.
    lightbulb Created with Sketch. 14
    Peak's email advising that company will do significant cost cutting , including reducing of management salary etc. They are estimating saving as about 1m
    The question is, why this cost savings not happens before in order to improve companies balance sheet???
    I feel that they will have no luck with fund rising and not going to participate.
 
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