Glasses of someone who has seen it all before.
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Does anyone follow this company who can give a quick summary of the accounts.
I had a quick look - have they raised any capital since March? If not, it must be soon as they have negative working capital and are very cashflow negative.
Does their growth story justify a capital raising?
Had a quick read. Was interested in the auditors comments about a going concern. I assume this revolves around them landing a deal to reduce cash burn.
I cant find "note 21". When I do I will be able to comment further.
ok found it:
Comments about cashflow etc. Nothing unexpected.
Another share placement for 10% of the company at what I can tell, a 20% discount. No SPP to reward loyal shareholders - bad form!
Another $1m in the bank though so should last them another year.
Fair comment, Moosie. Still a good win on the back of their McD's win in Europe. Sure, no hard figures given in release, but thats a big enough deal for me to add my small(ish) holding and put it in the drawer. Nice to cover bases in the mobile advertising arena with this and Snakk. imho.
Here's the today's media release from Stuff : http://www.stuff.co.nz/business/indu...ucher-software
I don't see it as a race and at this stage, no comparisons with other stocks. They are in similar spaces with utilising mobile advertising/promotion which is a blue sky opportunity which FB, Google, etc is starting to gain traction in. Snakk and Vmob are at very earlier days here so looking at figures now is not as important as the traction they make, so do see this Vmob announcement as great. Unsure of your 'cloud' question but that is not what they are about, unlike DIL and XRO.
I am just happy to have diversity in this mobile advertising area.
It is different than Snakk in that it has its very own platform that it sells to customers to implement in their marketing strategies. The recent deal potentially puts Vmob's technology in touch with the entire Indonesian population once it rolls out via hotspots.
Not discounting Snakk - happy to hold both.
Probably because their FY revenue from operations was a paltry $46,000, yes thats right, fourty six thousand dollars for a full year, whilst their operating expensese were $1.1 million. ALso they are technically insolvent as the auditor pointed out. Wouldn't touch with a barge...
I still think they are worthy of taking a holding in, albeit smaller than other companies. The mobile advertising space has big promise and I am not convinced of any local company(ies) that will dominate in the space. So will gladly cover my odds with Snakk, Vmob, MBE ... all are very early on the journey. We obviously operate different barge poles. lol