Quote addon.Jones says the process of trying to list on a stock exchange had been “confusing” and “not an easy trip”.
“We were only a small company to start with, but it is very hard to raise capital in Australia and when you have a product that is international level and we have blue chip clients and to all intents and purposes we will succeed on the international market, then the problem is you need capital to do it,” says Jones.
“There are a lot of blood suckers out there who will provide money but then want 60% of your company which is just ridiculous.”
Jones says he felt that listing on the Frankfurt Stock Exchange was the best option for the company to try to raise capital.
“I am often asked ‘Would you do this again Phil?’, and my general answer is that I would probably think a lot more before doing it, it is the only way I know to get where I want to go but it is very hard work.”
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