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11/11/22
09:17
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Originally posted by baldynumbers:
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TBH I dont think there is much point to vote against...other than spite It is unable to meet listing requirements due to funding If its not listed, we cannot sell on market If they de-list - we can TRY to find buyers through third party. They cannot obtain equity from the market... bridge has been burnt Banks will not lend them money... it is cash flow negative Customers don't want to sign on... because they can see how poorly it is run through the information 9SP must provide while listed. A private equity investment (likely AG funneling some of the money he has leeched out of 9SP back into it for a greater holding) is basically their only chance of continuing to exist... if they can then secure renewal of BoA - they might have a chance... existing shareholders will get next to nothing delisted... listed and wound up - we will get absolutely nothing New customers not being able to see the bigger picture by listing documents will make them "appear" less risky.
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I’ll bite @baldy to offer an alternative view. Do people understand the meaning of voluntary suspension, key word is voluntary? Delisting has pros and cons including $1m AUD savings? Edging closer to CFP no? Could “new buyers” include VISA, BOA, or VMUK? Much easier for a TO offer if delisted?! Wonder if $500k mystery suitors are circling? Bank loan no? Perhaps bank owned? Weren’t Customer numbers at ATH? Another 16% last Q? Pretty outlandish AG accusations, careful son, don’t want ASIC chasing, as watch these threads! Best and only chance is delisting unless you’d offer a more insightful strategy? FWIW if I held, this is an obvious and easy vote. Go well, stay positive, and all the best to those LTH’s.