RXP 5.77% 27.5¢ rxp services limited

Ann: Acquisition of NSI Techology , page-5

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  1. 24 Posts.
    Well lets see

    For NSI the 3B announcement says 4,200,000 shares @ 0.52 - overvalued but expect future earn outs like similar 3B announcements

    Worse though - latest 3B shows issue of shares in lieu of ability to pay CEO's salary

    This is a company with market cap over 30M that had less than 200k available cash at end of FY 21012. They have done a further 5M cap raising - will be interesting to see numbers at end of next Q but a revenue of $12M last FY makes them a minnow in IT
 
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