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It's just the beginning for Spenda!, page-12137

  1. 17,243 Posts.
    lightbulb Created with Sketch. 955
    $4m quarter cash receipts minimum
    70% reduction in wages
    Demotion of AF to software dept or better still get rid of him
    CEO should be Invigo guy as the income is from lending not transactions and he has form
    Remove all deadwood now
    Do a 1:10 share consolidation to 400m would then be 12-15c share price
    Do a $10m CR at 12c to allow for first loss position and lend the $50m out asap
    Close India (did it ever open?)
    Become cashflow positive within 1-2 quarters
    Full-breakdown on how income is generated ie: 60m in transactions what amount is being charged at full rate to SPX and what amount is EFT or other
    Full breakdown of those metrics (trackable) for holders

    Just a few ideas but imo it's prob too late as the model doesn't work, the SOI are shot, was all ok in theory, but not when it costs business more $ not less
 
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