Sheesh! I should remember that pointing out the deficiencies in a company to shareholders is like telling someone their child is ugly ..... you may not be able to stop yourself thinking it, but you should make sure the comment doesn't slip out!
Was my KordaMentha comment based on anything? ..... well, nothing if you forget that CCU has a $2m debt repayment due in 3 days, but no $2m ....
As for a capital raising .... here I was thinking that it might be better to announce a capital raising when you've obtained shareholder approval for a 25% dilution and just announced a record two weeks of production (well in excess of nameplate capacity).
Turns out, its a better time to announce one when you've had your bank offer you three ever-decreasing stays of execution and you've confirmed that you're unlikely to see that production level any time soon. Not to mention a trading suspension to really give potential investors confidence. And a CEO who'll "take my $400,000 thanks, you can keep the shares".
Nuff said. See you in some other forum, some other time.
CCU Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held