SP1 0.00% $1.07 southern cross payments ltd

Doesn't look to good to me. Over $2 mil to go out the door this...

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    Doesn't look to good to me. Over $2 mil to go out the door this quarter and only $120k in net receipts with only $1.3 mil in bank.

    If the underwriter of the $4 mil in bonus options doesn't pay up then this company is finished. Whoever the underwriter is will be taking a bath immediately. I wonder if there is any escape clauses.

    Even if they pull the $4 mil in then that will only last them another 2 quarters.

    This company is a cash pit.
 
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Currently unlisted public company.

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