hopefully those gains can be crystallised, and go some way to...

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Observer888

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24/11/20

11:25

Post #: 49095530
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Originally posted by RubyGem: ↑

Hi Spacepee,

Agree.
Thanks to NSX closing price at 26.5 cents yesterday, ISX investment has made more than 7 Million dollars in capital appreciation based on 49449033 shares owned from $6,020,000 investment.
According to ISX records:
05/3/2020:$4,200,000.00 289,655,517 shares @14.5 cents
27/5/2020:$1,500,000.00 16,483,516 shares @ 9.1 cents
6/8/2020: $320,000.004,000,000 shares @ 8.0centsTotal Amount $6,020,000.00 49,449,033 shares (Average price of 12.1741cents a share)

Gain on NSX investment based on closing price of 26.5 cents = 14.33 cents/share or $13,103,993 - $6,020,000 = $7,083,993
Due to the written down figure of $1,609,587 (and shown as expenses in ISX Half year accounts 30/06/2020) from a 5.7 Million invested in NSX to show a final amount of $4,090,413 (See Note 10), an improvement of $9,013,580 would be recorded in the ISX accounts as gain in Investment in Associate (or revenue) to reflect the current value of $13,102,993.
(Depending on NSX future closing share price at31/12/2020, the above/current gain may increase or decrease)

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hopefully those gains can be crystallised, and go some way to paying the legal fees of JK and ISX. I see this ongoing legal battle akin to Rudy Giuliani fiasco trying to overturn the US election results.

ISX Price at posting: $1.07 Sentiment: Sell Disclosure: Not Held
2 Upvote

1 Great analysis

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