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AnalytixInsight Inc V.ALY

Alternate Symbol(s):  ATIXF

AnalytixInsight Inc. is a Canada-based data analytics and enterprise software solutions provider to institutions across various industries. The Company develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. It provides financial research and content for investors, information providers, finance portals and media through its online portal www.capitalcube.com and through its institutional partner Connect platform (collectively referred to as the data services and artificial intelligence business segment). The Company holds a 49% interest in MarketWall S.R.L. (MarketWall), a developer of fintech solutions for financial institutions in Italy. As part of its business-to-consumer (B2C) offering, MarketWall has deployed InvestoPro (InvestoPro), a European online digital trading platform which allows retail investors to trade stocks, bonds, and derivatives.


TSXV:ALY - Post by User

Post by Gulag2011on May 19, 2024 2:51pm
190 Views
Post# 36048105

Marketwall stopped payment 60 ALY workers need paycheque ⚰️

Marketwall stopped payment 60 ALY workers need paycheque ⚰️ At this meeting, it was also reported by the Company’s management that the Company faced a number of near-term liquidity issues, including that: (a) the Company’s cash reserves had been significantly depleted due to several unexpected payments, (b) the Company had been unable to pay certain of its employees and consultants for the month of May in accordance with their contracts, and (c) the Company’s revenues had declined significantly over the past year and an anticipated payment from MarketWall S.R.L. had not been received in early 2024 as expected, while its accrued payables had increased markedly. The Company learned that the payment from MarketWall S.R.L. would not be received at a shareholder meeting of MarketWall S.R.L. held on March 21, 2024.
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