It is incumbent on the board to adequately explain how the newly raised capital will be used. If it is to fund the acquisition, then I would like to see more information on what we are buying. Specifically, an equivalent level of information on ASTA's financials as would be required from a public company. After all, they will be one soon, so this is not onerous or giving away secrets. I don't think shareholders should buy a pig in a poke.
TNT Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held