If the plant cost $3.5m to build...…..why the premium for the transaction?
WHA revenue last year was only $1.5m. Hardly a position of strength to be doing M&A.
These are not good times to be loading up with debt / dilution.
Get the product right first, gain some market share....and only then should they talk about vertical integration.
Ann: WHA to Acquire Majority Stake in B&P, page-77
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