Ann: Notice of Extraordinary General Meeting, page-92

Hi HK

IMO I think you will find GMV is starting to tick many boxes towards the Nasdaq listing. The EGM document does mention they are looking to list on the Nasdaq Global Market.

How you may ask?

Resolution 1 at the EGM will increase the authorised capital to $180m USD

And the current market cap of GMV is $80m USD. As the last traded price on the OTC market is 9.5c USD. ASX is completely irrelevant now.

It's still impossible to work out where this is going until we know how much will be raised and at what price.

The 18 for 1 consolidation is much lower than the 120 for 1 I was thinking. I'm not sure exactly what to make of it. Maybe lower dilution?

The 3 month lock up is a little annoying and is basically just going to delay the inevitable dumping from pissed off ASX holders. The must have some serious news coming and some big hitting investors to soak up this stock. Also, why would US investors buy in knowing a tilde wave of stock is coming.

I'm assuming we will need to wait until after the EGM
before the prospectus is lodged.

we wait