NSX should reject the application to list for the same reason as the ASX. The directors are just eroding the value of the company by eating up the $500k of cash for doing NOTHING. They are no longer running a business. The best option is to wind up the company and distribute ATOM shares and remaining cash to the shareholders. That will give us an immediate 65% upside as the discount will no longer exist.
KTE Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held