The language is somewhat contradictory in regard to listing timing. The listing is getting pushed out beyond 2024. The company er below, says on one hand that “the Company intends to submit its prospectus for admission to list by the end of Q4 2024” But then a sentence later states “The Company will not likely be in a position to submit a prospectus to CySEC before end Q4 2024”
The cynic in me suspects there maybe other issues behind the scenes that need to be sorted and this softening up Shareholders for delay in the Listing.
Extract from Company Qtr2 below:
The Company at this stage is evaluating the costs, liquidity, advantages and disadvantages of each exchange. Subject to satisfactory Clearing and Settlement process resolution, the Company intends to submit its prospectus for admission to list by the end of Q4 2024. The prospectus will be lodged with CySEC as our home regulator, and passported via the European Securities and Markets Authority (ESMA) to the home state of our selected exchange. The CySEC prospectus review and passport process will take around two months from the Company's submission.
The Company will not likely be in a position to submit a prospectus to CySEC before end Q4 2024, as Clearing and Settlement arrangements need to be finalised in advance and included in the Prospectus (or at least satisfy the relevant exchange that these are in place).
