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your opinion on resolution to remove pre-emptive rights...

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173

08/04/24

09:32

Post #: 73233339
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Originally posted by BJReplay: ↑

Wow! Great find.
Yeah, I am up for it.

In simple terms, Probanx (the software company that is making money) is lending money to ISX Financial (the eMoney / Flykk company) - by issuing free Probanx shares to that company and then (I am not certain of this next step - so don't quote me) lending against those shares for in return for cash so that ISX Financial is adequately capitalised. In the case of ISX Financial B. V. then (later) writing the value of that holding down to zero (presumably the Netherlands venture didn't work out).
ISX Financial lost around 1 million pounds in the last full year results.
Looks like eMoney isn't such a good business after all.

Just Flykk it.

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your opinion on resolution to remove pre-emptive rights BJ.

Thought Liz didn't want to see a vehicle being fluffed for the used car lot myself, but you analysis stands to reason considering.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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0 Great analysis

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