New Offer for ISXFEU, page-54

Completely agree on most of that:
- IPO levels and amounts raised are down about 50%
- A failed IPO is a bad thing, and does hurt you next time
- We shouldn't IPO now
"To say the IPO market has been fine is rubbish". I agree, which is why I never said the IPO market has been fine. I sent you the July link because it took 2 mins to prove that there are still billions of dollars hitting the market, but only for safe companies.

So lets stop talking about the IPO market. No one thinks an IPO is a good idea. We arent getting capital now. Anyone googling us will find allegations, suspension, and court cases. IPO would very likely fail - Im hoping you agree with me so far...

We need to change the narrative. Put the suspension behind us.
BAD: "We were suspended and quit Australia 3 years ago and havent traded since. Give us $50m".
BAD BUT A YEAR LATER: "We were suspended and quit Australia 4 years ago and haven't traded since. Give us $50m".
STANDS A CHANCE: "We relisted a year ago without raising capital. Price started low, but improved on expansion plans, GPTV levels and positive EBITDA. Give us $50m to fast track our expansion to additional markets".