Here's a couple of questions and opinions to consider
Why does SPX want to send their SOI over 4 billion by getting a $7m investment?
They still have 6 quarters worth of cash, why the need for $7m?
Can I suggest SPX should concentrate on lending out $50m at the alleged 21% yield or $10m pa in income
Can I suggest signing up new customers to generate 100 x the current transaction volume should be head of list, no?
I as the SPX ceo would be going ok I need to lend out cash asap and get more transactions asap
They already signed up Capricorn, why dilute the shareholders again to reach the 4 billion in SOI, what's the benefit?
At say 2cps you're then looking at $80m market cap due to the ridiculous amount of shares on tap, so what go they do, look to issue another 400m and no doubt another many milllions in free options, heavily discounted fees for Cap
I don't see the actual benefit!
Just raise at 1.2c and let the current holders participate if first loss cash is the issue
One word comes to mind.... Desperate!
Anyone see it differently?
What am I missing?
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