Group Cash Flow Activities Report
- Cash at the end of the quarter was
- During the quarter
- Cash payments for administration costs for the quarter:
o
- ASIC industry funding levy fees approximately
-
- Supplier payments of
- Cash payments to staff, corporate and the
NSX Limited Corporate Activities
- Directors, being related parties of the Company, for the purposes of this report, were paid remuneration in the amount of
On
In summary the following key points are of note during the period:
- The parties completed the review of a draft Joint Venture agreement, and scope of works included in the purchase order and related documents. The draft remains unsigned as the agreements and associated documents are under review by relevant ministers in the Kingdom.
- When the agreement is finalised and executed, NSX will receive a purchase order to provide services in the form of exchange expertise to the Joint Venture. It is expected that the fees received for these services will contribute to revenue up until the launch of the mining exchange.
ClearPay Joint Venture Activities
- DESS Digital Ledger Technology system continues to operate with no downtime.
National Stock Exchange Activities
- The activities of the Company's wholly owned subsidiary,
- The market environment for new listings has been challenging including increased competition, availability of funds to Issuers for public offerings and general economic conditions.
- NSXA is increasing its business development activities and marketing personnel.
- NSXA receives enquiries and suitability for listing submissions and these activities can take time to progress depending on the applicant and the documentation submitted.
- The NSXA continues to position itself as the venture and emerging companies exchange, creating a clear differentiation from other Australian markets and marketing to issuer advisers and relevant capital raising groups.
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