CAG 5.00% 19.0¢ cape range ltd

Half Yearly.....what a shambles

  1. 2,735 Posts.
    lightbulb Created with Sketch. 62
    Just wasted about 10 minutes looking through the CAG Half Yearly report and if anyone can put a positive spin on it, then they deserve a Knighthood.

    They are now talking about doing a 1 for 2 Rights Issue to try and raise $5 million, so that equates to around 1 cent for the issue and will put their number of shares up to around 1.5 Billion, and that's excluding the Options they have !!!!

    They have also increased debt to try and keep the ship afloat.

    Looks grim, at best.

    I hold no CAG shares.......thankfully.
 
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