May 24, 2019
Former Greencross Limited Chairman, Andrew Geddes, believes the new capital-raising process, Crowd Sourced Funding Equity Raising, could be a real wake-up call for small and medium sized companies to expand.
“Raising capital places as lot of pressure on businesses to justify that they’re worth lending to” said Mr Geddes, a highly experienced public company director.
“To raise capital, SMEs have to go through all the disciplines of getting their ‘house in order’ before investors will even consider supporting them, and in many ways, that’s a good thing” he said.
Mr Geddes says the preparation required for any form of loan or capital raising forces companies to take a very serious look at their structure and operations...