DateTix‘s customer base is growing strongly: Active customer...

DateTix‘s customer base is growing strongly:
Active customer base up 167% for March 2016 and date listings up 209%

There should be good news flow over the next two months starting this month with:

• A new and enhanced version of the iOS app being submitted to Apple App Store and is awaiting pending approval.
• The introduction of a localised Chinese language version of the DateTix app. This is expected to be launched across the iOS and Android platforms.

During May DateTix plans to enter the mainland China and Singapore markets.

Growth potential looks very promising, particularly the introduction into mainland China where there are an estimated 200 million singles. It would be nice to capture a piece of that action.

DateTix Group Ltd–Arrowhead BID - Due Diligence and Valuation Report

http://abid.co/sites/default/files/DateTix - ABID Report_03February2016.pdf

This is a tightly held stock with only 29 million ordinary shares

	Shareholder	Shares	Percentage
1	Michael Ye	4,545,455	15.67%
2	Gold Resources Ltd	3,750,000	12.93%
3	Global Marketplace Ltd	3,454,550	11.91%
4	Leigh Kelson	1,008,129	3.48%
5	Doulev Pty Ltd	750,000	2.59%
6	Others	15,496,412	53.42%
7	Total	29,004,546	100.00%

Arrowhead also provided a valuation...

The Fair Market Value based on blended (DCF and Discounted EV/MAU multiple) valuation method for all of the Company shares stands between A$72.4MM and A$111.5MM as of February 03, 2016. The Fair Market Value for one Company publicly traded share stands between A$2.50 and A$3.84 as of February 03, 2016.

Share trading has been very light, averaging 83,458 shares per trading day since 01/03/2016 (which includes increased sales after each product launch (850,134 shares in 3 days). Only 53,470 shares have been traded on average for the remaining days.

Currently there are only 60,816 shares on offer and I anticipate that these will evaporate quickly leading into the launch of the updated app and launch into mainland China and Singapore.

I hope to pick up a few more before this stock starts to move.

As always DYOR and Good Luck to holders

Cheers,

GrayNomad