TSK - TASK Group Holdings

[Baa_Baa]

@Schro that's a good article eh, 7.5m app downloads and shows how serious McD's USA are to bring on the deeper VMob platform functions. You can tell McD's are excited about their new digital direction, and based on store visits and sales metrics that have been published, it's easy to see why! Also, check out the McD's hiring, there's 'Digital' mentioned in heaps of jobs, they're certainly bullish in this space.

On other news today, I'm impressed to see Jen Millard come on board as CRO, she has some serious credibility and is massively well connected. VMob sure are looking a lot more 'diversified' in their Board, Management and T20.

And one other thing, did you notice that Michelle Boag is the primary contact on the announce today? She's a very savvy PR professional so I expect that investor relations, PR and Comms will step up to a new level this year.

[Baa_Baa]

7-Eleven's Fuel App is being heavily marketed in Aus, VMob have also put out a syndicated press release. Here's some links for those who are interested.

VMob Helps Power 7-Eleven Australia's New Fuel App http://www.marketwired.com/press-rel...pp-2107908.htm

VMob blog http://blog.vmob.com/2016/03/powerin...-new-fuel-app/

How the 7-Eleven Fuel app lets you lock in the cheapest fuel in your area http://www.techguide.com.au/news/app...-in-your-area/

7-Eleven has launched a ‘Lowest Price’ app http://ausdroid.net/2016/03/02/7-ele...est-price-app/

Android version https://play.google.com/store/apps/d...l7eleven&hl=en

Apple version https://itunes.apple.com/au/app/7-el...032594453?mt=8

7-Eleven 'Good Call' App, web promo, how it works, FAQ http://www.7eleven.com.au/fuel-app

[Baa_Baa]

Another good article on Sharechat ... VMob builds fuel app for 7-Eleven in Australia, sees global scale http://www.sharechat.co.nz/article/4...bal-scale.html ... some very encouraging quotes from Scott.

[axe]

Another good article on Sharechat ... VMob builds fuel app for 7-Eleven in Australia, sees global scale http://www.sharechat.co.nz/article/4...bal-scale.html ... some very encouraging quotes from Scott.

12 months after the VML announcement of the 7-11 deal the APP goes live. This should give a nice boost to ACMR when results are out next month?

DO you think the 12 months from signing to launch is typical for VML?

“After 18 months of development and working closely with 7-Eleven’s digital team, we are thrilled to see how positively the market is responding to this innovation.”

[Baa_Baa]

7-Eleven Fuel App article published on NBR http://www.nbr.co.nz/article/vmob-bu...scale-b-186733 (not paywalled)

[Schrodinger]

Encouraging that they are diversifying away from McD's and have a regional play in Australia which should bring them in some good cash. Not sure of the competitive space for this app but is does seem like a world first and put VMob ahead of the pack for market learnings. The data that they pull from this app will be very useful for the convenience and petrol markets and I am sure will be commercially valuable for other markets.

Very happy with the progress and it will be interesting to hear what results they announce next month.

[allanatnz]

What happened today. The price plunged. Maybe someone is disappointed with the announcements? Nothing new.

[jonu]

What happened today. The price plunged. Maybe someone is disappointed with the announcements? Nothing new.

To be expected with further capital raising.

[sommelier]

Market price always tends toward capital raising price.

[Banksie]

Market price always tends toward capital raising price.

Plus the value of the shares are likely to be diluted by another 20% if the board gets its way.

Edit: Well not quite 20%. If they issue another 20% shares there will be a 17% dilution. They are currently proposing to issue another 7500000 for a dilution of ~9%.

I am trying to get my mind around this but: it is not the value of the shares that dilute, but rather the shareholders percentage holding in the company. So, if they make a good return on the capital that they raise it can be good for the current shareholders, right?