Three parties interested in RetailX

RetailX says three parties have expressed an interest in buying the company as a backdoor listing in the stock exchange's AX market.

The company reported an $889,000 loss in the six months to September 30. Its income has dried up after its Retail Services subsidiary stopped providing management services to Stirling Sports and after The Building Depot went into receivership.

The company's shares rarely trade. About 1000 were transacted yesterday at 4c each, down from 30c in July last year.

The company told shareholders yesterday that it hoped to have something to announce within two weeks.