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Wednesday March 25th
I have a meeting scheduled at my home with an old friend.
I’ve asked him to come over to discuss a potential capital raising for some of my companies.
Even though my companies don’t require additional capital my intention is to consider all options considering the worsening economic environment and the world recession threatening to turn into a depression and the fact most companies have been raising capital to be better positioned.
I’m interested in being prepared for the opportunity to buy out distressed companies in the different industries my companies operate in. So if I did a capital raising it would be predominantly for this purpose.
After deciding to not list on the ASX last year I’d only consider a capital raising if it was little effort and not overly costly.
Meeting is productive and it gives me food for thought.
When I’m at home I work from the front of my house overlooking the canal and it’s such an empowering environment to work from.
I decide to cancel a boy’s trip to Fraser Island bike riding due to leave on the weekend as my book distributor sends through orders for two new books they have promoted to bookstores.
And the challenge is – I’m yet to finish either of them so I set aside the next 10 days to focus on finishing them as it will take a further 3 to 5 weeks thereafter before they can be printed and send to bookstores.
The books are 70% done but even with a ghost writer it takes a lot of time to complete.
