Sex used to sell Moa float, forecasts losses and no dividend

Thu, 11 Oct 2012

Oct. 11 (BusinessDesk) –Moa Group will pay $1.6 million for the boutique brewer to raise $15 million and list on NZX. Offer documents released on Thursday reveal interest-free-loans to directors and management to buy shares and a $240,000 fee paid to Business Bakery for the services of chief executive Geoff Ross. Sex is being used to sell the company as well as the product with pictures of young women in skimpy outfits drinking from beer bottles used to illustrate the offer document. The company is forecasting losses and will not pay dividen...

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