SVR - Savor Ltd (Formerly MOA)

[sb9]

Rights issue over subscribed. Wanted $5.2m, got $5.8m and accepted the over-subscribed.

https://www.nzx.com/announcements/352955

Yeah, I asked for few more than my entitlement and I got them, just trying to do DCA...

[Sideshow Bob]

https://www.nzx.com/announcements/355327

Turnover more but lose more.

Herald article says auditor raised doubts on going concern, which lead to the capital raise

https://www.nzherald.co.nz/business/...ectid=12343445

[MarineSalvage]

An unscientific check of my local bottle shops show Moa facings in the fridge a lot less than they were - just so many options now and always another brewer happy to discount to get the space.
Moa really were impacted a few years back when they lost the coveted Koru Club fridges

[kiora]

What an unlikely investor.
H & S must seem to see some upside here
https://stocknessmonster.com/announc...oa.nzx-359663/

[kiora]

What an unlikely investor.
H & G must seem to see some upside here
https://stocknessmonster.com/announc...oa.nzx-359663/

[MarineSalvage]

Hmm good for them, I wouldn’t be touching them

[sb9]

Cushing family now hold just above 10%...

[glennj]

Hmm good for them, I wouldn’t be touching them

Likewise! Do respect Cushing seniors track record though!

[HCR20]

Likewise! Do respect Cushing seniors track record though!

I bought in around 1 month ago. Small downside risk (sell out at 10 or 11c is worst case scenario) with potential for serious upside over the next 6 to 12 months. Small proportion of my funds and I acknowledge that this is a speculative play.

[sb9]

Interesting to note, Colin offloading some of his holdings to Cushing family. Between both of them they own about 27% of the company.