I-nexus Global (INX) has announced a proposal to raise up to £0.65 million (before expenses) via convertible loan notes, with this “to allow the emerging sales and pipeline momentum to be reflected within operating results and cashflow and will be applied entirely towards meeting the Company's ongoing working capital requirements”. Is that so?...
Hat tip to a reader who, for some reason, was prepared to listen to a string of podcasts by Justin Waite and had still retained enough of his sanity at the end to pass on this little expose about the unscrupulous clown.
A “Statement re Share Price Movement” from i-nexus Global (INX) – and the shares currently more than 20% lower, towards 12p. Uh oh...
Previously writing on self-styled “a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000”, i-nexus Global (INX), last month I noted it stating it “now operating at monthly P&L break-even”, but questioned sustainable? and noted the overall balance sheet. Now “Proposed issue of £1.325 million of Fixed Rate Unsecured Convertible Redeemable Loan Notes”...
i-nexus Global (INX), self-styled “a leading provider of cloud-based Strategy Execution software solutions designed for the Global 5000, today provides an update on its trading and financial position in anticipation of its financial year end on 30 September” – and the shares have currently responded to above 5.5p, approaching 70% higher...
Writing on i-nexus Global (INX) in July it was from AIM IPO “strong competitive position” to “revenue and closing cash balances will be below expectations” in just over a year! – with I concluding the company now really “comfortable that, with a continued focus on costs, the business retains sufficient funding to execute on its growth strategy”? I’m certainly not for long and, even with the shares currently down to around 25p, avoid / sell – and another AIM IPO roll-call of shame…. Now results for its half-year ended 31st March 2020 – and the shares currently significantly further lower in response to around just 4.5p!...
In June last year “i-nexus Global plc (INX), a provider of cloud-based Strategy Execution software to Global 5000 companies”, was pleased to announce admission to AIM, raising £10 million at 79p per share with CEO Simon Crowther emphasising “the power of our software, our outstanding customer base, strong competitive position, high levels of recurring revenue and large addressable market”… The shares last closed at 34.5p and today a “Trading Update”…
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