Ann: Strategic Investment in Fresh Supply Co. Pty Ltd, page-70

If that’s the case that’s way worse than a loan. It means they didn’t get paid cash for their meagre invoices and they now have a very small interest in a non related company.

it is never good use of a company’s capital to make minority investments. In fact most tech companies constitutions don’t allow it. The fact they are getting a board seat for only 4% is also strange. Usually need nearer 20%. Does this indicate they intend to increase their holding??

Either way this is another departure from the core business and confusing strategically. It says “we believe we can get a better return on equity in another company than investing it in our own”. It was difficult to understand where SPX was going previously. If now totally confusing.