NETLINKZ LIMITED (NET)

The company releases a market update. SecureLink Networks plans to launch Netlinkz' VSN+ product in the Philippines, aiming to raise cybersecurity standards. Plans include ceasing China business ownership, cost reduction, product development restructuring, and ongoing ASX re-listing.

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The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day.

The company releases a shareholder update which reports challenges in the past 18 months, leading to strategic decisions to build revenue from VSN sales and grow its lawful interception business. Cost cutting, debt restructuring, and the finalization of a joint venture with PT&T in the Philippines are underway. The company will provide an update on relisting in 2025.

ASX releases a notice regarding long-term suspended entities. The company's securities have been suspended for more than 3 months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The audit of the Annual Report for the year ended 30 June 2024 is still in progress. A key element in enabling the auditors to provide an opinion is the restructuring of the Company's current debt, which is anticipated to be completed this week. The term of the major portion of the current debt has been extended to early 2026. This will provide the business with sufficient runway as it rolls out VSN in Southeast Asia starting with its joint venture with PT&T in the Philippines.

The company lodges its preliminary final report.

PT&T and Netlinkz forge joint venture to revolutionize network security and connectivity in the Philippines.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

The company releases a notification of cessation of securities.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The Company is working to provide the submissions required before the ASX considers the reinstatement of the Company's securities as quickly as possible.

BDO Audit Pty Ltd have resigned as Auditor of the Company. The Company has received a consent to act and the Board has appointed, Hall Chadwick NSW as the incoming auditor.

The company releases a market update.

The company lodges its Half Yearly Report and Accounts.

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

he Company has advised the ASX that is not in a position to lodge its Interim Report for the six months ended 31 December 2023 by the reporting deadline of 29 February 2024, as the Company's auditors have had insufficient time to complete their review. The delay in completing the review is attributable to the late delivery of information to the auditors in China. This will in turn delay return and translation of information from the China business and consolidation with Group results. The auditors have advised that up to a further three weeks will be required to complete their work and provide a review opinion.

The securities of Netlinkz Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3. ASX has determined that NET's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. The suspension will continue until NET is able to demonstrate compliance with Listing Rule 12.2.

The suspension of trading in the securities of Netlinkz Limited will be lifted from the commencement of trading on Tuesday, 3 October 2023 following lodgement of its Annual Report.

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 October 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 29 September 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The company lodges its Annual Report to shareholders.

The suspension of trading in the securities of Netlinkz Limited will be lifted immediately, following the release by NET of an announcement regarding a capital raising.

The company has received firm commitments of $7,914,000 in equity funding and has entered into debt offset arrangements for an aggregate amount of $7,942,150 (being an aggregate of $15,856,150). The company has received firm commitments to raise AUD$7.914m through a placement of 131,899,999 fully paid ordinary shares at $0.06 per share to sophisticated and professional investors. Subject to the company obtaining shareholder approval, the company will also issue to each subscriber under the placement one free-attaching option for every two shares issued.

The securities of Netlinkz Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NET, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Netlinkz Limited will be lifted immediately following the release by NET of an announcement regarding a capital raising.

Proposed Convertible Note issue is subject to shareholder approval and agreement with potential investors and is to be used to repay current loan facilities with Lind and CST and strengthen the Netlinkz balance sheet. Proposed issue of 20m Convertible Notes which in aggregate convert to a maximum of 200m shares. Each Convertible Note will have 7.5 Attaching Options exercisable at A$0.10 each within two years from the date of issue and converting into fully paid ordinary Netlinkz shares "“ provides a potential future source of growth capital for the Company. The proposed Convertible Notes are less dilutive as a result of having a conversion price of A$0.101 each, which after taking into account the 10% face value discount is a ~55% premium to the last closing price and removes any "˜overhang' of stock. Net would have the right of first refusal to pay out any conversion of the Convertible Notes at the five day VWAP as opposed to allowing conversion. The funds proposed to be raised are also proposed to be used to seek to drive sales of the VSN in China through the AOFA structure as well as targeting multiple growth opportunities for the VSN in other geographic regions, including Japan. Netlinkz has also reached agreement with Lind and CST in relation to the repayment and future termination of the pre-existing Share Purchase and Convertible Security Agreements with each of those parties.

The company is in the final stages of finalising the proposed capital raising and the refinancing of the company's existing debt facilitiets. The company therefore requests that its securities remain in suspension until the release of an announcement concerning the above matters, which it expects to be in a position to do by no later than 31 July 2020.

The Company advises that it requires further time to finalise the matters in relation to the proposed capital raising and the refinancing of the Company's debt facilities, and accordingly, the Company requests that its securities remain in suspension until the release of an announcement concerning above, which it expects to be in a position to do by no later than Friday, 17 July 2020.

The company has become aware that it has exceeded its capacity to issue equity securities without security holder approval under ASX listing rule 7.1.

The company requires further time to finalise the proposed capital raising, and accordingly requests that its securities remain in suspension until the release of an announcement concerning the capital raising, which it expects to be in a position to do by no later than Monday, 6 July 2020.

The Company requires further time to finalise the proposed capital raising, and accordingly requests that its securities remain in suspension until the release of an announcement concerning the capital raising, which it expects to be in a position to do by no later than Monday, 29 June 2020.

The securities of Netlinkz Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NET, pending the release of an announcement regarding a proposed capital raising.

The suspension of trading in the securities of Netlinkz Limited will be lifted from the commencement of trading on Tuesday, 14 April 2020, following the release by NET of an announcement regarding a transaction and the receipt of responses to ASX queries.

The company issues a response to ASX Query Letter.

The company has completed the acquisition of AOFA Software Engineering. Netlinkz paid A$2,587,000 to acquire AoFa and its sales and distribution rights for China. There are no further payments or securities to be issued for the acquisition of AoFa.

The company issues a response to ASX Aware Query.

The securities of Netlinkz Limited will be suspended from quotation immediately under Listing Rule 17.3. The securities will remain suspended pending response to ASX queries.

The suspension of trading in the securities of NetLinkz Limited will be lifted immediately following the release by NET of an announcement regarding the finalisation of an equity issue.

The company completes a share placement to sophisticated and professional investors by way of the issue of 25,000,000 new fully paid ordinary shares at a price of $0.13 per placement share to raise $3.25 million. Funds raised under the placement will provide working capital for: the company's joint venture with iSoftStone in China (with sales to begin by the joint venture company 'iLinkAll' in late December 2019); and the establishment and funding of the company's IoT Lab in Tokyo.

The securities of Netlinkz Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NET, pending the release of an announcement regarding a capital raising.

The securities of Netlinkz Limited will be reinstated to Official Quotation as from the commencement of trading today, Monday, 29 October 2018 following lodgement of its Statutory Accounts for the year ended 30 June 2018.

The latest version of the company's product, a software only based Virtual Invisible Network (VIN), is being released to China Telecom following continuing refinement and development by Netlinkz engineers. The company is moving to a low touch software solution to allow easier implementation on devices and to reduce sales and support costs for its Reseller and China Telecom. Sales have commenced in Nanjing (population 8 million) with over 400 VINs sold in the first week. Sales in Wuxi are in excess of 14,000 VINs. Following the final pilot stage of deployment in Wuxi and testing in Nanjing, a full deployment release in the nominated cities will begin in November. The company through its appointed Reseller, will receive recurring monthly revenue, which the company currently estimates being A$ .90 per VIN per month, in the form of monthly royalty payments per device from the gross payments received by the Reseller.

The company releases its Appendix 4G - Corporate Governance Statement FY18.

The securities of NetLinkz Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 29 October 2018 following lodgement of its Statutory Accounts for the year ended 30 June 2018.

The company lodges its Full Year Statutory Accounts.

The company issues a prospectus for the conditional offer of 1,000 shares at an issue price of $0.03 each to raise $30.00. The offer is not underwritten.

NetLinkz Limited advises that due to an unforeseen difficulty in obtaining loan confirmation documentation from QMAC in the United States, the company's audited accounts are still being finalized. The Board has been informed that all necessary steps have been taken and the accounts will be finalized and lodged early next week.

Due to an unforeseen delay in the provision of the company's audited accounts, lodgement with the ASX by 30 September has been delayed. This is a purely administrative matter. The Board has been advised that all documentation should be lodged by 3 October, 2018 at which time the temporary suspension will be lifted.

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

The suspension of trading in the securities of Netlinkz Limited will be lifted immediately, following the release by the Company of an announcement regarding a capital raising.

The company has completed a Placement of 48,458,324 shares at $0.031 to raise $1,502,217 from professional and sophisticated investors. Settlement and issue of 26,168,302 shares is expected on 16 July 2018 and 22,290,322 shares on 1 August 2018. The funds raised under the Placement will be used for NetLinkz's operations and business objectives, to pay outstanding creditors, and for general working capital purposes.

The securities of NetLinkz Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a capital raising.

The suspension of trading in the securities of Netlinkz Limited will be lifted prior to the commencement of trading tomorrow, Thursday 22 March 2018 following receipt of the Company's half year accounts pursuant to Listing Rule 17.8.

The company lodges its Half Year Accounts.

The company announces the creation of another distribution agreement in China between NetLinkz China and Suzhou Fu Ju Cloud Technology.

The securities of Netlinkz Limited will be suspended from quotation immediately, at the request of the Company, pending the release of the Company's Half Year financial statements.

The suspension of trading in the securities of Netlinkz Limited will be lifted immediately, following the release of an announcement by the Company regarding a capital raising.

The company has received firm commitments for the Placement of 62,500,000 shares at $0.02 to raise $1,250,000 from professional and sophisticated investors. The Placement will be undertaken within the Company capacity under LR7.1 for 2,129,240 shares, under LR7.1A for 56,827,372 shares, and subject to shareholder approval for 3,543,388 shares.

The securities of Netlinkz Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising.

The suspension of trading in the securities of NetLinkz Limited will be lifted immediately, following receipt of an announcement regarding the Company's corporate restructure and proposed funding.

The company has now completed all matters pertaining to the reasons for its voluntary suspension. NetLinkz provides a summary of the following matters completed and announced during the suspension: corporate restructure, business strategy, fundraising, SCM liquidity support, balance sheet restructure, general meeting and relisting.

China Telecom Wuxi has signed sales contracts to provide NetLinkz's patented cloud networking solution to an initial five customers in the Xinwu region. The technology is expected to be rolled out to this group over the coming two months.

King River Copper Limited is pleased to provide an update on metallurgical testwork completed by Nagrom the Mineral Process on a composite sample from the high grade zone of the Central Vanadium-Titanium deposit at Speewah.

The company lodges its Appendix 4C - quarterly report.

The company has entered into a conditional Subscription Agreement with QMAC Capital International Partners pursuant to which QMAC has agreed to subscribe for the issue of 315,000,000 new fully paid ordinary shares in the company at an issue price of A$0.02 per share to raise A$6,300,000.

Netlinkz Limited is nearing completion of a corporate restructure that to date, has seen monthly costs reduced by over 60 per cent and the Company reorganised to support a new strategy of licensing of its proprietary software to key global telecommunication and IT providers with large customer bases.

The company has successfully completed China Telecom's User Acceptance Testing in Wuxi, China. In addition and by agreement, Netlinkz products hae been admitted into the China Telecom Wuxi product catalogue with an assigned Stock Keeping Unit with pricing.

The company issues a response to ASX Query.

The company lodges its Appendix 4C - quarterly report.

After extensive internal testing of the technology, Blue Tech Incorporated has purchased 25 Netlinkz Limited software licenses to enhance its own internal network infrastructure and continues to work with Netlinkz on growing its presence in the United States.

The company releases a response to the Appendix 3Y Query.

The company has completed an MOU with China Telecom Wuxi and its proprietary technology has begun being trialled with a selection of China Telecom customers after successfully completing internal testing.

The company lodges its Half Yearly Report and Accounts.

The company has entered into a non-exclusive joint venture agreement with JianNan Information Technology aimed at growing the company's revenues in China through strategic licensing of its proprietary cloud network technology. THe joint venture has successfully secured a customer trial of its technology with China Telecom Wuxi and is in ongoing negotiations with the organisation to commercialise the technology through its substantial customer base, pending a successful trial result.

The company is continuing its negotiations to complete significant joint venture partnerships in China and the USA, and involve dealing with government bodies, strategic partners and are subject to regulatory approval processes in finalizing the agreements. These requirements have resulted in completion taking longer than expected. The voluntary suspension is expected to end on the date announcements relating to these agreements are released to the market. These are anticipated to be made within the next 2 to 3 weeks.

The company lodges its Appendix 4C - quarterly report.

NetLinkz  Limited  advises  it  is  continuing  its  negotiations  in  relation  to  significant  customer contracts and completion of the capital raising at 4.5 cents per share. Completion is anticipated to be completed by 25 January 2017. The  voluntary  suspension  is  expected  to  end  on  the  date  the  anticipated announcements referred to above are released to the market.  

NetLinkz  Limited  advises  it  is  continuing  its  negotiations  in  relation  to  a significant  customer contract and completion of the capital raising at 4.5 cents per share. The  Company  advises  that  the  voluntary  suspension  is  expected  to  end  on  the  date  the  anticipated announcement referred to above is released to the market which the Company anticipates will occur by the end of the second week in January. 

The securities of NetLinkz Limited will be suspended from official quotation immediately, at the request of the Company, pending the release of an announcement.

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