CAT 0.14% $3.50 catapult group international ltd

Ann: CEO Resignation and Transition Arrangements, page-109

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  1. 43 Posts.
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    Verce -  As a follower of the Sports Technoloogy sector, It would surprise if Statsports,  a profitable & rapidly expanding company with no debt, with many of the world's elite soccer & rugby teams as clients, and who are winning most of the major deals of late, would be interested in a company in turmoil with lesser IP, a poor culture and one which loses more money every year [~A$17m 2018] at anywhere near current market cap of $120m.
     
    As It is now back under control of the old founder management team, who bought in the [much heralded but] now departed CEO & several CFO's who "know how to build a global company", and with 12 years of losses, limited substantial benchmark signings of late, and the failure of PLAYR to meet targets, and with profitability forecasts pushed to 2020/21 and the emergence of competitors Catapult may not represent current value to others.  

    PS I see  Statsports announced NZ's Super Rugby teams as new clients today.   

      
 
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