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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