Wow!!! I like the sound of this. Fully underwritten aswell.
Sounds like thred is intending on expanding and receiving revenue in currency other than aud.
" 8.2.4. Country risk The company’s operations are primarily conducted in Australia, but may extend to operations in the United States and elsewhere. Accordingly, the company may be exposed to a range of multi-jurisdictional risks such as risks relating to labour practices, environmental matters, difficulty in enforcing contracts (including the requirement to resolve certain disputes by arbitration in foreign jurisdictions), changes to or uncertainty in the relevant legal and regulatory regime (including in relation to taxation and foreign investment and practices of government and regulatory authorities) and other issues in foreign jurisdictions in which the company operates.
8.2.5. Foreign currency and exchange rate The company is seeking to raise funds under the offer in Australian dollars. Whilst in the short term, it is anticipated that this will have a limited impact on the company's costs of doing business, in the medium to longer term it is likely that the majority of the company's revenue will be in US dollars or other currencies. As such, the company may be adversely affected by changes in exchange rates relative to the Australian dollar. The company will appropriately monitor and assess such risks and may from time to time implement measures, such as foreign exchange currency hedging, to assist in managing these risks. However, the implementation of such measures may not eliminate all such risks and the measures themselves may expose the company to related risks.
8.2.6. Privacy The company will be launched globally and as such will be subject to privacy laws that may differ in each specific jurisdiction in which the company operates. If a breach of privacy occurs, it may expose the company to litigation or regulatory enquiry."
THD Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
