I agree with almost all you say bar the CF positive. I don’t believe you can bring all this business on without burning cash. If this news was 18 months ago I believe the share price would have been 4-5 cents. Unfortunately in this market revenue growth without profit is unwanted by institutions as it indicates a cap raise sometime soon. They would rather put their money into the discounted raise. I actually think SPX should do a raise and put it behind them. The price won’t move substantially till then.
Ann: Spenda partners with eBev to offer payments solutions, page-119
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Last
0.9¢ |
Change
-0.001(5.26%) |
Mkt cap ! $41.08M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $33.61K | 3.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8434437 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 6197385 | 16 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| SPX (ASX) Chart |