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2.0¢ nexion group ltd

Ann: Trading Halt, page-12

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Shadowstaffy86

21 Posts.

1

24/04/23

10:01

Post #: 67423354
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Originally posted by stocking: ↑

Sure account that has magically appeared with zero history.

Management pulls a rabbit out of the hat last year in Q3 with a solid financial result and OCF+ position... decide to laden the company with debt that seems highly unlikely to be secured given the EV of the business is effectively zero, raises capital in December at a significant discount, seems unable to actually stabilise the ship, and is now raising again 4 months later at a discount likely -70% of the previous raise.

Actions speak louder than words, and it's clear this mob have got no idea.

Aside from that, all looks hunky dory for a tax write off.

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i hear your opinions…

Is new management needed again ?

NNG Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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