Probanx owns 19.22% of NSX, ISX owns 100% of Probanx, Select All...

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itzgr82balive

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22/11/20

11:44

Post #: 49047781
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Originally posted by inge281242: ↑

In the ISX 30th June 2020 half yearly report it states that:
"The Company in the same period invested $5.7m cash to acquire 19.22% of the NSX Limitedand received $3.2m for the NSX investment in ClearPay Pty Ltd, such that normalised cashat bank without this investment would have increased to $18m".
NSX company research states that Nickolas John Karantzis has a shareholding of 19.22% in NSX.
It does not state that ISX holds any shareholding whatsoever in NSX.
I may have misunderstood the posters here on ISX but it seems to me that they are under the impression that ISX own part of NSX.
As I see it, only Nick Karantzis will enjoy any financial benefit generated by NSX.
There are a few excellent posters on this forum and I would be grateful if someone would explain this discrepancy to me.

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Probanx owns 19.22% of NSX, ISX owns 100% of Probanx, Select All Enterprise owns 40.96% of ISX, JK is a shareholder of Select All Enterprise.

Therefore, JK is an essential owner of NSX. See below:

Last edited by itzgr82balive: 22/11/20

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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Probanx owns 19.22% of NSX, ISX owns 100% of Probanx, Select All...

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