annual fees rolled in this quarter, they still burnt a little cash, but NSX will have to ask for more cash from investors in the next 3 months as the cash burn will resume for the remaining 3 quarters.
Yes its still alive, but the question is should it be? Its a cash furnace for many years just handing investor cash as salaries with no apparent ability for the company to be financially self sustaining.
the fact ISX gained de facto control and used it for some dumb competition narrative for its dispute with ASX was just a cherry on top of the shareholder wealth destruction.
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