BLV blossomvale holdings ltd
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Page 56 of 2010 annual report.During the year, equipment rental...

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    09/01/11
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    Post #: 7706140
    Page 56 of 2010 annual report.

    During the year, equipment rental of $242,000 was paid to the owners of the equipment of which Mr Russell Collins is a 33% owner.

    What equipment?

    Just looked over the debt position at 30 June 2010, its not even $50m!!! Why the hell do they want to dilute us and raise capital at these levels to pay the debt off? They had $21m in cash, so net debt would be $37m plus the vendor payments!!!

    And they want to raise $80m!!! what am i missing here?
    NMS Price at posting: 8.4¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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