Ann: Becoming a substantial holder from NAB, page-129

  1. 852 Posts.
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    I think we can safely remove 2 and 3 from this list, given the company is in a strong financial position, having plenty of cash and being very close to making money if they aren't already.

    Also, Spenda has numerous advertisements on employments sites to recruit further staff, which would indicate that the business is growing, and would certainly rule out bankruptcy, insolvency or voluntary administration.
 
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