9SP 9 spokes international limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-7

  1. 3,889 Posts.
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    Voluntary suspension is in place to avoid them being removed from ASX altogether... they are not a going concern as far as listing conditions are concerned and they have in their own words - exhausted equity for capital options on the ASX

    numbers are at ATH purely based off BoA... which subsequently, is up for renewal NEXT year... would BoA buy out 9SP??? maybe

    have you looked at 9SP's history of customer retention???
    The last customer (and only) to actually renew their contract was BNZ... for a two year term (shorter than initial), which they broke two months later.

    AG has has a paycheck in excess of 400k for far too long... as a proportion of revenue, it is extreme... add in the CFO and another couple of execs and you have already seen half of their revenue expensed. If AG hasn't been squirrelling some of that capital aside, something is seriously wrong. The recent CR to (founding holders and institutional investors) was highly dilutive to existing holders that did not get to participate and then hidden behind NZ corporate laws so not to disclose to the ASX... reality is they should drag the delisting out a bit more.... do another raise to get their current 44% combined holding to 75% and then they can delist without any issues of failing the special resolution.

    I am not offering any insightful strategy to avoid delisting, as I don't see one.

 
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