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12,574 Posts.
1789
25/01/24
12:47
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So you front up with $30k to be used to try and achieve compliance with the ASX.
Let's assume they use the raise a million dollars and still over time achieve no compliance on the ASX before the funds are depleted.
If they were relisted with a viable business model, new board, new management, and transparency - then half a chance of attracting investors.
Unfortunately, it is a dead duck - not even a tax loss.
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