Group Cash Flow Activities Report
- Cash at the end of the quarter was
- During the quarter
- Cash payments for administration costs for the quarter are:
o
- Payment to Eventus Systems
- Payments to
- Cash payments to staff, corporate costs and the
- Please note that there is a re-classification of lease payments under section 1.2 (d) - Payments for leased assets. Previously these were classified with repayment of borrowings under section 3.6.
NSX Limited Corporate Activities
- Related party payments totalled
On
In summary the following key points are of note during the period:
- The proposed joint venture with Abiliti for a mining exchange in
- Before the JV agreement can be executed the parties are awaiting the completion of that review.
- Due to ongoing conditions in the
ClearPay Joint Venture Activities
- We continue to review licensing options for the Joint Venture.
National Stock Exchange Activities
- The activities of the Company's wholly owned subsidiary,
- NSXA continues to engage with ASIC concerning the changes to the rules for Market Integrity rules requirements.
NSXA expects these rules to be in place by the end of calendar year.
- The NETS trading engine replacement project proceeded on schedule and went live on 30 October.
This upgrade enhances NSXA's offering to the marketplace with more connectivity options, facilitate the trading of new financial products once the rules are approved and satisfy ASIC Market Integrity Rule requirements. It places NSXA's trading system on the modern upgrade road map as defined by NASDAQ.
- The market environment for new listings continues to 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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