Here's my email to
[email protected]here's hoping I get a response...
"Hi there
When will the answers to share holders questions be answered from the investor webinar held on the 21/07/23?
It has nearly been a month since the webinar was held.
I have been a long term supporter of Spenda (holder since 2020) & I’m growing ever more frustrated on failed targets that are set by Spendas management.
There were no valid reasons as to why the target of drawing minimum of $20M in funds from the debt warehouse facility was not achived by June 30 2023. (I’m guessing lack of working & first loss capital or lack of customer demand)
There is still no update on how the Agri DW is progressing.
Cash flow positive was also not achieved by June 30 2023 & looks likely to miss this upcoming quarter. (Adrian Floate mentioned this goal multiple times in webinars to convince holders the SPXO options would be in the money)
No updates on James Tyler or Ebev.
The Cap raise was necessary but was completed with less than reputable lead managers. (redleaf & evolution)
Majority of retail holders including myself were subject to losing out on expiring SPXO options yet the JLM were issued free SPXOA options. (Another great way to lose trust in long term retail holders)
I would suggest not letting Jonathan from Redleaf comment on anything Spenda related as from previous interviews. (He lacks general knowledge that most long term holders would understand about the Spenda platform. (not to mention the used car salesman vibes)
Spenda has achieved some great things the past two years however trust in management has dropped dramatically.
SPX registry is predominantly made up of retail holders, I believe work needs to be done to install trust again with management. (this will help with stability of the share price)
Simple fix really, if management set targets & they are not met, explain to holders why the targets are not met. Even if the response has a negative effect on sentiment.
Transparency is key & lately a lot of holders feel as though they are being kept in the dark.
Spendas product has plenty of potential upside but to date it has been sitting in the potential upside idle stage for at least 2 years now.
Here’s to a successful FY24 & Spenda finally delivering on that potential.
Cheers"
(20min delay)