So what needs to be clarified is as at 5 Feb, NSX gets a letter from ASX about concerns about their ongoing viability.
Cash in bank at end of quarter of $3,297,000 with cash outgoings this quarter of $1,415,000. Nearly half gone in a quarter.
So without the $4.2 mil raise NSX would be out of cash by Q3 this year.
Now the ClearPay piece (which hasn't been developed yet), NSX will have to pay ClearPay (ISX) $3.2 mil for 41% stake initially then potentially another $1.3 mil for a further 9% stake - so the $4.2 mil raised at $0.145 is in one door and out the other. So NSX back to square one. But the second amount ($1.3mil) is reliant on another capital raise of $3.8 mil. Food for thought!!
Ann: ISX: iSignthis strategic investment into NSX Limited, page-79
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NSX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.240M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.17pm 17/09/2024 (20 minute delay) ? |
| NSX (ASX) Chart |
Day chart unavailable