SPY SmartPay

[Omega]

Annoucement just released - only 10% takeup raising $870k

[Stumpynuts]

http://www.nzx.com/markets/NZSX/SPY/...CHANT-SERVICES


2 Degrees added to the list of clients using SmartPay's services

[funpedro]

Annual report out now. Lots of debt needing to be refinanced ($7m) and re-paid ($5m) in the next 12 months and the SPP hardly makes a dent. Unless something changes very quickly this is starting to look like PVO revisited....

[Stumpynuts]

Annual report out now. Lots of debt needing to be refinanced ($7m) and re-paid ($5m) in the next 12 months and the SPP hardly makes a dent. Unless something changes very quickly this is starting to look like PVO revisited....

Announcement today that they have Postie Plus Group and ABC Learning Centres.
This is already on top of 2degrees, Mitre10, PaperPlus - All relatively large well known brands.

Touch wood - lightning doesn't usually strike twice and they dont go under. But seeing some of the financials the other week it seems that their company turnaround is looking promising.

[Anna Naum]

Just raised $4.5m at 2c!! so on top of massive dilution there is also the huge discount to the prevailing share price. Wonder how existing shareholders feel having just put money in via the SSP. No wonder current major shareholders and management did not partake in the SPP.

[Nigel]

2c is a massive discount! have they said which parties bought in via the private placement? - looking after themselves me thinks!

[whatsup]

http://www.nzherald.co.nz/business/n...ectid=10686459

Anything in this for SPY? ... (rhetorical question )

Old news Belg..., SPY has been onto this for the last year, push into Aussie has me worried grave yard for N Z co's, IMHO.

[whatsup]

Why the big drop off today down to .026 on small volumn ?

[Anna Naum]

Why the big drop off today down to .026 on small volumn ?

Insider selling ahead of another big discounted issue?

[whatsup]

Insider selling ahead of another big discounted issue?

Not to this level surely !