I agree with almost all you say bar the CF positive. I don’t believe you can bring all this business on without burning cash. If this news was 18 months ago I believe the share price would have been 4-5 cents. Unfortunately in this market revenue growth without profit is unwanted by institutions as it indicates a cap raise sometime soon. They would rather put their money into the discounted raise. I actually think SPX should do a raise and put it behind them. The price won’t move substantially till then.
Ann: Spenda partners with eBev to offer payments solutions, page-119
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $47.56M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.1¢ | 0.9¢ | $40.77K | 4.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2800000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3418091 | 10 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| SPX (ASX) Chart |