Rikardo - this must be the ultimate definition of optimism....

Rikardo - this must be the ultimate definition of optimism.

Having known this business from the inside, trust me, it is a basket case. I think Thorney invested around 0.18-0.20c years ago - clearly a mistake. And ever since every raise has been a down raise i.e. raising at a lower price - not good.

The biggest issue is zero liquidity, and no broker support - without liquidity you have nothing. They only have a about 50 companies listed and this seems to reduce each year - their only revenue stream is listing fees so less companies = less revenue.

The whole of 2023 there was just 369 trades - yes, basically one trade per day!

And to say they are putting their energy in the roots - NSX is coming up to 20 years listed on ASX and they are at their lowest ebb - why anyone would put money into this raise is mind boggling.