Starved of cash flow and trading off a consistently undernourished balance sheet, Nutritional Holdings certainly does not live up to its name STARVED of cash flow and trading off a consistently undernourished balance sheet, Nutritional Holdings certainly does not live up to its name.In the year to February a loss of R6m was posted, but more alarming was that current assets of R9,9m did not cover current liabilities of R11,3m.Considering R12,5m of Nutritional’s total assets are deemed intangible, it should be no surprise that the company’s shares have been bouncing nervously between 1c and 2c lately.Unappetising as this scenario appears, someone with corporate gravitas actually wants to take a sizeable bite.Nutritional shareholders were told earlier this month that Philisani, an empowerment consortium, would subscribe for 13bn shares at 1c/share to raise (much-needed) fresh capital of R13m.The shareholders of the consortium are Thabo Mokgatlha and Jabulani Mabaso (each with a 30% sta...
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