The Listing update yesterday wasn’t convincing. They have had a draft prospectus since early this year. They have been making progress on the listing for over a year and a half. Their language is still “ making progress “ or we are “initiating” the process. Or it’s “a fluid process”.
Look, I’m not out for an argument on this but I think it’s fair game to apply scrutiny to the process and commentary.
I didn’t personally buy the update yesterday, my take is that they are simply pushing out the timeframe because of issues or motivation they don’t want to truly disclose so we are being feed piecemeal.
I encourage debate and analysis on this in a pragmatic way.
Yesterday’s update didn’t provide a clear path but more so clouded the process in my view.
All I want is a defined strategy to liquidity. Listing is not that hard if you have the required boxes ticked.
