One thing is clear, The Pre-4c Pump and Dump Cronies of Spenda have once again appeared like clockwork. They really despise the truth seekers for obvious reasons.
Let the compulsory reporting do the talking IMO. As below for the quarter ending 30th September. The cash and cash equivalents dropped by 3.3m, a drop of -34%. The net cash position (freely usable cash) stood at 4.8m or a drop of -27%.
*** THESE ARE BIG DROPS *** WHAT DON'T YOU UNDERSTAND? *** THIS IS THE FACTS ***
If the trend continues there will have to be a CR soon IMO. Hopefully the increase costs of merging with Limepay is offset by increases in revenue.
The following statement has been made in the past "we are adequately funded to achieve our commercial objectives" what a furphy that was.
The last 4c showed an increase in cash receipts of a very small $0.1m. If that trend continued for the December quarter the flood gates will open as I expect Limepay to add around $0.5-$0.7m in costs.
I want the SP to moon just as much as the next bloke but just because I want it to certainly doesn't mean it's going to, obviously, lol.
Like I said, everyone should be praying all day and night until the December 4c is released.
Take what self-confessed "TA experts" say with a grain of salt. They are there to fleece you and that's all IMO.
Good luck all, and be careful.
Warmest regards,
PD
SPX Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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