There are 700m listed shares so we are not sure yet who or where...

There are 700m listed shares so we are not sure yet who or where the selling is coming from , at this stage we are all assuming Allen Grey. So what happens if they can't raise anymore than the funds intended by directors ,does the banking conditions change.


"The Company has re-established its banking facilities through to November 2018 (overdraft facility June 2017) with its primary lender, National Australia Bank (NAB).

A condition of the change in facilities was to raise additional capital that will support the Company’s strategic direction of global expansion, particularly in the USA, of our owned and manufactured brands.

There has been no change in the overall facility limits however the facility provides greater flexibility to support the business initiatives and is sufficient for the Company’s base business.

Had the facilities been amended by 31st January 2016 our current liabilities would have decreased from $61.9 million to $33.9 million, and non-current liabilities would have increased from $0.3 million to $28.0 million."