NNG 0.00% 2.0¢ nexion group ltd

Ann: Trading Halt, page-11

  1. 5,743 Posts.
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    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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