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0.4¢ 9 spokes international limited

Yep last suspension was in 2020, and they were reinstated with...

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amb005

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02/06/22

11:01

Post #: 61774924
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Originally posted by baldynumbers ↑

it also happened in 2019 due to BoA - 2020 was VISA - this news is IMO on the wrong side of the fence...

they have had multiple deals in advanced discussion for both connect and track and others at initial phases for the last two quarters (that they have disclosed) - so its not entirely impossible that there may be a new source of revenue coming... but as I said earlier... its not going to be 1m per quarter worth... so they will still need funding to continue as a going concern

The halt is probably justified in being needed to finalize a FI deal... and then work out how much capital they need to ask for in order to (at a minimum) have another 12 months of cash in the bank - last raise was for 10m @3.6c and it will unlikely make the 2 year runway it was intended for... but how much longer can they keep justifying the burn???

SP says that former holders no longer believe the story (or that 9SP can survive to tell the story)

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Yep last suspension was in 2020, and they were reinstated with the Visa news, which was a huge spike in price which was met with a dump as well. Lets hope they can pull off something similar here, and we can all get out on the spike and be rid of this!

9SP Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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