LON 0.00% 13.0¢ longtable group limited

You ask why.From the above text:"The purpose of this capital...

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  1. 430 Posts.
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    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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Currently unlisted public company.

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