So both entities are after finance (loan facility) from previous information Fundx are after a $10m facility, CL8 I'd assume are after a lot less say $1-2m (loan facility) a merged entity with much greater revenue may attract funding an possibly a larger whale investor.
Maybe all these board changes are an outcome or part of the greater ASX Regulatory review process. I originally thought the Regulatory review process was with ASIC but it appears it's with ASX compliance.
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