I think this is the exact problem that needs to be clarified. How are we going to be in profit by fy 2019 as stated by MO. Without profit another CRis inevitable. What revenues does CCE get out of the new deal? Zip!
What I suspect is that there will be a ceto announcement bringing it forward. The CR documents mention that as the third reason for raising funds.
Just in that the first reason given has become totally irrelevant and misleading. Money raised for emc corporate activity? Well it is all scrip so what’s that money used for?
The other aspect that will happen is a share consolidation. Because of their incompetence we have 2.8 billion shares on offer. They will be consolidated and we will lose the organic growth promised so often. They will consolidate and then try and raise funds again.
CCE Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
