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SP1 southern cross payments ltd

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siciliavin

4,406 Posts.

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05/08/22

12:07

Post #: 62943260
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Originally posted by naomhan: ↑

OK. We are now at a spot where shareholders can actually agree on a few things. And whether we like it or not, we're all in this together. So ignoring JK's guilt or innocence (done to death, agree to disagree), what is the best way forward? How can we all benefit?

-List. Now. No public offer. We all agree we arent getting a cash injection at present. The market is anti-risk for floats, and if they can't figure out how to price us, they just won't until we're traded.
-Release positive news. We need an announcement per month that is positive. Expansion. Transactions. Key staffing. New product line.
-Ban JK from mentioning ATO, ASIC, ASX, AFR, OM. JK is the face of the company, and he shares good news with the world. He needs to stop fighting and reminding people about disputes and court cases. If he gets a question on them, his answer should be "we are confident with how that's being handled by our legals advisors. It'll all be resolved in time. But today I'm looking at our new X."
-Preferably have the directors kick some money in to buy shares on market. Not millions. $50-100k. Shows confidence in the company, generates stock articles, shows an intent to grow.
- Issue safe earnings guidance and exceed it. The last thing this company needs is anything that points to the directors not doing exactly whatthey said they'd do. Negative news comes with references to the past.

If we do that, we put the past in the past, and we recover quickly. For now, we need positives only.

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Originally posted by naomhan: ↑

Completely agree on most of that:
- IPO levels and amounts raised are down about 50%
- A failed IPO is a bad thing, and does hurt you next time
- We shouldn't IPO now
"To say the IPO market has been fine is rubbish". I agree, which is why I never said the IPO market has been fine. I sent you the July link because it took 2 mins to prove that there are still billions of dollars hitting the market, but only for safe companies.

So lets stop talking about the IPO market. No one thinks an IPO is a good idea. We arent getting capital now. Anyone googling us will find allegations, suspension, and court cases. IPO would very likely fail - Im hoping you agree with me so far...

We need to change the narrative. Put the suspension behind us.
BAD: "We were suspended and quit Australia 3 years ago and havent traded since. Give us $50m".
BAD BUT A YEAR LATER: "We were suspended and quit Australia 4 years ago and haven't traded since. Give us $50m".
STANDS A CHANCE: "We relisted a year ago without raising capital. Price started low, but improved on expansion plans, GPTV levels and positive EBITDA. Give us $50m to fast track our expansion to additional markets".

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once again @naomhan ..LMFAO you say $50M ?.......NO Sunshine ! ... I want $500M or ASX/OM Blood ....
My family has suffered for 3 Years in the hands of Kevin/ ASX /OM & ASIC....there has been many opportunities missed that I had to find alternative monies/funding to assist my family for many different events .... my children's Marriage, my child going overseas, my youngest Tertiary Private Education, my uncles funeral cost, etc etc etc

SP1 Price at posting: $1.07 Sentiment: Buy Disclosure: Held
28 Upvote

7 Great analysis

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