LON 0.00% 13.0¢ longtable group limited

Ann: Trading Halt, page-30

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  1. 430 Posts.
    lightbulb Created with Sketch. 23
    You ask why.
    From the above text:
    "The purpose of this capital raising is to fund the acquisition of the remaining 52% of Maggie Beer Products Pty Ltd that the Company does not currently own and working capital for the Longtable Group business;"

    Just like the capital raise at the Paris Creek purchase, the all important bit : "working capital for the Longtable Group business".

    The directors need to be fed, regardless of the financial state of the company.  The shareholders will feed them if the Longtable Group cannot make enough income to do so.
 
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