Wow, another big week for VMob. Seems there's never a dull moment!
As an investor sometimes it seems there's so much we don't know but so much that is going on, it's hard to keep up and connect the dots at times.
These past few weeks have been overcome by the pre-IPO capital raising and the SPP, which despite some really good news from the company, the share price dwindled to within a whisker of the lows pre-consolidation. Through optimistic lenses though that presented terrific opportunities for investors to accumulate, or traders to take fresh positions.
What's happened in the past seemingly long 5 days?:
- the SPP closed and small investors were gifted shares at $0.374, well under the pre-IPO large cap raise of $0.40. Not often that happens in a company going strength to strength. Thanks VMob, it was overdue to share the love with the small guys, though we can only assume that the shortfall of a $125k or so isn't material to funding the roadmap. Some canny investors however will have taken the opportunity to accumulate or enter at well below the SPP, so it's a double edged sword. Nevertheless, let's call it $3.375m in the bank (plus carry over funds) and the next 3 months phase to ASX listing covered.
- three directors showed their confidence and support for VMob by buying into the SPP. Considering the entry cap of $15k, that's small potatoes for the directors already listed in the top-20, though even if just an act of confidence, it's comforting as a shareholder to see this commitment.
- Kaching, out of nowhere we are informed that Korea (presumably South Korea) take up the McDonalds Global contract and 'activate' on the VMob platform. This wouldn't happen imho if Korea hadn't been impressed with the results of McD's rollout in Japan, Nederlands and the massive USA market rollout already half way through. We can only look forward to more announcements, remembering that here are 118 countries and 34,000+ stores covered by the McD's global contract. Quite mind boggling really.
- if that wasn't enough, VMob announce a whole new industry sector and new customer in IKEA with 370 stores in 47 countries. No one was expecting that. We might start assuming that the Microsoft Alliance influence may be beginning to show in results, however that pure speculation.
- to cap off the week, we get reminded that the AGM is around the corner and there are three Directors positions up for vote. Personally, although I'm very happy with the performance of VMob to-date and anticipating great things in the months and years ahead, I'd like the Directors to acknowledge a need to move to more transparency.
- behind the scenes are the continued references to the hospitality / hotel industry, priming us for good news. I hope this is Bill McHargue bring some value to the table.
... but it's not all peaches and cream is it? No, it's not, there's plenty of things that an investor would like to know more about.
We investors deserve and expect more transparency around forward guidance. It's not unreasonable to expect at least a sales forecast. Better still would be the burn rate vs ACMR. We also know nothing about any other customer than McD's (which is making great progress) but what about 7-Eleven, what about Ansher Busch, what about the NZ Heart of NZ, Fly Buy's, and
all three NZ Telco's (Spark, Vodafone and 2Degrees), or how about Esso and Olivers?
I think Scott should be providing a quarterly update for investors, after all he has about 25% of the company and needs to be talking to his 75%.
Leading into the 3rd quarter, when the ASX listing is proposed, I think it's important for investor confidence and the capital value of the company, to be more forthright about what's really going on. My view is that VMob are quite under-valued by the market and still captive to traders on low volumes. This is easily fixed by disclosure.
That said, it's been a great week now that we're out of the pre-IPO cap raise and the SPP, we're up from a $0.29 low to $0.37 and things are settling down on the buy/sell queues.
What's your thought's on progress to date, and expectations for more investor disclosure?
BAA
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Originally Posted by winner69
One can only presume growth decay will set in given they only had $1.6m cash on hand (oh they have a loan too, just in case, I see)... What's next year going to be then? 30% increase for $13m sales? 
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