PX1 - Plexure Group Limited

[Snow Leopard]

Has reversed into VLO - Velo Capital and name and ticker change (to above) is this Friday 31st August 2012.

Bit from Stuff here.

Website here.

Assorted announcements to market today.

They do something involving discount vouchers and smart phones, and apparently they are looking to raise some money.

If they are lucky this may not be the only post they ever get on ST

[25-Jul-2016] Name change and lots of posts since creating this thread .

Do your own.

Best Wishes
Paper Tiger

[CJ]

Planning $5m capital raising: http://www.sharechat.co.nz/article/7...placement.html

I cant figure out the shareprice. It seems to be being quoted at 0.08 which gives it a $60m+ valuation. Should there be an extra '0' in that shareprice or has there been a 1:10 share consolidation: https://www.nzx.com/markets/NZAX/securities/VML

[CJ]

I cant figure out the shareprice. It seems to be being quoted at 0.08 which gives it a $60m+ valuation. Should there be an extra '0' in that shareprice or has there been a 1:10 share consolidation: https://www.nzx.com/markets/NZAX/securities/VML

Shareprice down to 2c so market cap of $15m

Will be interesting to see comparison with Snakk going forward. http://www.sharetrader.co.nz/showthr...820#post384820

[Snow Leopard]

This announcement came out yesterday:

[Sorry can not get the damn thing to format sensibly follow the link if you are interested]

Anyone keeping an eye on this company?

Best Wishes
Paper Tiger

[Snow Leopard]

Latest market update. MacDo's in the Netherlands going to using their platform.

Seems the company is "ideally positioned".

Can not understand why you all still talking about Snakk and not inventing Blue Sky numbers for this one.

Best Wishes
Paper Tiger

[lastmoa]

Latest market update. MacDo's in the Netherlands going to using their platform.

Seems the company is "ideally positioned".

Can not understand why you all still talking about Snakk and not inventing Blue Sky numbers for this one.

Best Wishes
Paper Tiger

Yes, I was positive enough on VMOB to accumulate some shares (even at 0.015) and was pleased to see this news release. Think it has pretty significant opportunity for them. Shame they are too small to garner much press for this. Tribal does has 60 offices in 42 countries - not a small advertising agency by any means. Do see advantage in hedging my small(ish) 'bet' in Snakk' with same in Vmob. See potential in this space - just think it is way to unclear which companies will pull it off. Also think amalgamation, especially if Snakk builds a nest egg, is on the cards.

[lastmoa]

Agree, but I do see Vmob flying under the radar. Has a small m/cap. I spend many hours researching only in the IT space and never heard of this company until it was mentioned on the Snakk board. So would never have had it on my Watchlist. Local media will not cover this until they announce something more significant and something they can understand (lol), ;et alone brokerages. I don't view the 'one contract with Tribal doing 1 Mc'D' contract' as significant in itself but do so for what doors it can open globally for Vmob.
The NZ media is stretched right now to cover all the exciting things that are going on, and are even more stretched to understand it to provide any useful thoughts/comments. imho.
I'm not saying I am about to through 1/2 my funds into this but I felt it was/is worthy of some investment as this early stage.

[Balance]

Learn the hard way years ago to avoid backdoor listed companies.

If a business is good and can stand scrutiny, it will go full frontal - not try and sneak in the backdoor.

[lastmoa]

Learn the hard way years ago to avoid backdoor listed companies.

If a business is good and can stand scrutiny, it will go full frontal - not try and sneak in the backdoor.

I hear what you mean balance, and have some experience (neg and positive) with these small caps. Think I can afford to lose some lunch money. 8-)

[Balance]

And by that method also spend much, much more on listing on the market when they generate relatively small revenues p/year, thereby racking up debt? I don't see the Mad Butcher and VIL as very "sneaky" and have been relatively successful so far!

You could say the same about Plus SMS in the first year.

To each their own - as I have said, I learnt the hard way.

[CJ]

And by that method also spend much, much more on listing on the market when they generate relatively small revenues p/year, thereby racking up debt? I don't see the Mad Butcher and VIL as very "sneaky" and have been relatively successful so far!

NZX needs to address this issue.

Companies need to be able to do a relatively cheap compliance listing (rather than backdoor listing) and then to SPP, etc as required. The issue with this is how do you get liquidity without founders selling out (which is a bad look).

[Balance]

NZX needs to address this issue.

Companies need to be able to do a relatively cheap compliance listing (rather than backdoor listing) and then to SPP, etc as required. The issue with this is how do you get liquidity without founders selling out (which is a bad look).

A NZAX listing can be done reasonably cheaply.

Problem is lack of interest from brokers and investors until the company has done the hard yards and delivered - i.e.. ATM, PEB and BFW.

The NZX was supposed to review the whole issue of backdoor listing years ago after the Plus SMS debacle but in true NZX fashion, decided profit from listing fees was more important than the damage done to investors.

[CJ]

A NZAX listing can be done reasonably cheaply.

I admit I haven't researched but why would you choose a back door listing if you can list a nice fresh company onto the exchange?

Edit: thinking about it quickly, I assume these dormant shell companies have tax losses built up which would provide some value but assume these would be forfeited due to loss of continuity when bring in the new shareholders.

[Balance]

I admit I haven't researched but why would you choose a back door listing if you can list a nice fresh company onto the exchange?

Edit: thinking about it quickly, I assume these dormant shell companies have tax losses built up which would provide some value but assume these would be forfeited due to loss of continuity when bring in the new shareholders.

Exactly.

Look at who are behind the listings.

We have in NZ, a Stock Exchange which puts profit above all else.

[Balance]

Looks like we have a price capper at 1.5. Probably selling down for increased liquidity to bring more shareholders into a future capital raising just like SNK. Buyer beware!

Increased liquidity?

More like trying to get the hell out!

[Balance]

lol, depends which glasses you are wearing

Glasses of someone who has seen it all before.

[CJ]

Full-year report now out:

https://www.nzx.com/files/attachments/176799.pdf

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?

[Balance]

Yes, they allotted another !100,000,000 shares at 1.25 cents in addition to the 800,000,000 they already have. Getting a bit ridiculous now...

No doubt they will be raising capital again this year as well...

Look at Seadragon and cry.

Only 1.23 billion shares.

And that's after a 100 for 1 consolidation in 2002.

Which means there's really more like 123 billion shares on issue when adjusted!

[Balance]

Christ almighty, that's insanity!

Nothing insane about it. It's deliberate and strategic.


They will keep doing share splits and consolidations to keep the share price looking 'cheap' to suck the punters in.

[CJ]

Yes, they allotted another !100,000,000 shares at 1.25 cents ...
No doubt they will be raising capital again this year as well...

Based on 2013, that cash is only enough for a year so you are probably right