Ann: Maggie Beer Acquisition and Capital Raising Presentation, page-17

Three good businesses, problem is lon, don't know how to make them all profitable at the same time. No mention of cutting out costs and how much that's going to contribute. Management appeared lost. The buying of mb, is to buy some more time, there really isn't any need to buy out mb, except to get extra capital ontop of mb acquisition, to protect the business in the advent of a downturn, which is happening in the macro environment.

20 cents is a big haircut to swallow. That's a desperate price