The amount of funds needed for a given company is approximately $8,000,000 to $12,000,000. The...
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The amount of funds needed for a given company is approximately $8,000,000 to $12,000,000. The Board has spoken to all the shareholders and they are reluctant to provide additional investment, given that their initial investment was at a price higher than the current market share price. Issues they seek advice on: 1. Can the company go to the public and ask for additional investors? 2. Are there alternative forms of equity investment the company could consider? 4. All the directors do not wish to provide personal guarantees, is this an issue in seeking additional funds?
Pleae answer with reference to the Corps Act 2001 and the specific sections - Company and Finance Law
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