I have to say I get very confused at companies like this look at the amount of time to get nowhere, I don;t understand this is worth anything more then 1c or maybe less.
Read the prospectus back in 2017 where they raised 17M and have got themselves from what was some revenue to basically none !
From looking at Comsec it looks like Regal has got out of IXU comploetely with sales since March to now, dumping 9%. At a loss, Regal are smart investors so they know what bad looks like.
I recommend looking at the presentation given in Setpember 2017 it says it all , where are those deals
My favourite thing is people will put money in despite results that show a reduction in revenue from 2019 to 2021 , look at page 19 of the annual report ! insane it looks like the only thing it does is pay its management.
So in 2021 REvenue $16,750 (yep thats right) and a loss of 5,424,785 ... 2017 was 153,695 revenue and 2.99M loss. Time is up, FYI happy to purchase secured Puts on this if possible
IXU Price at posting:
15.5¢ Sentiment: Sell Disclosure: Not Held
