Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

once again @naomhan ..LMFAO you say $50M ?.......NO Sunshine !...

First 56 Last

Share
Profile

Follow
siciliavin

4,364 Posts.

2094

05/08/22

12:07

Post #: 62943260
Share

Originally posted by naomhan: ↑

OK. We are now at a spot where shareholders can actually agree on a few things. And whether we like it or not, we're all in this together. So ignoring JK's guilt or innocence (done to death, agree to disagree), what is the best way forward? How can we all benefit?

-List. Now. No public offer. We all agree we arent getting a cash injection at present. The market is anti-risk for floats, and if they can't figure out how to price us, they just won't until we're traded.
-Release positive news. We need an announcement per month that is positive. Expansion. Transactions. Key staffing. New product line.
-Ban JK from mentioning ATO, ASIC, ASX, AFR, OM. JK is the face of the company, and he shares good news with the world. He needs to stop fighting and reminding people about disputes and court cases. If he gets a question on them, his answer should be "we are confident with how that's being handled by our legals advisors. It'll all be resolved in time. But today I'm looking at our new X."
-Preferably have the directors kick some money in to buy shares on market. Not millions. $50-100k. Shows confidence in the company, generates stock articles, shows an intent to grow.
- Issue safe earnings guidance and exceed it. The last thing this company needs is anything that points to the directors not doing exactly whatthey said they'd do. Negative news comes with references to the past.

If we do that, we put the past in the past, and we recover quickly. For now, we need positives only.

Expand

Originally posted by naomhan: ↑

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".

Expand

once again @naomhan ..LMFAO you say $50M ?.......NO Sunshine ! ... I want $500M or ASX/OM Blood ....
My family has suffered for 3 Years in the hands of Kevin/ ASX /OM & ASIC....there has been many opportunities missed that I had to find alternative monies/funding to assist my family for many different events .... my children's Marriage, my child going overseas, my youngest Tertiary Private Education, my uncles funeral cost, etc etc etc

SP1 Price at posting: $1.07 Sentiment: Buy Disclosure: Held
28 Upvote

7 Great analysis

Reply

Top Stories

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

There are more pages in this discussion • 222 more messages in this thread...

First 56 Last

Add SP1 (ASX) to my watchlist