CRO 2.33% 8.8¢ cirralto limited

Ann: Motopia 2016 AGM podcast, page-14

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,857 Posts.
    Actually I don't think we'll see too much selling. The sell down to 4.7 was on $3000 worth of stock.
    Prior to the consolidation a fair amount of volume went through at 0.001 (10c post consolidation) and I remember seeing over 80m sitting on the offer just before the reconstruction . That's only $80k worth of stock. The market could easily churn through that if they management hit some of the goals alluded to.

    Especially that $2m per month in Xero revenue from the AGM presentation. I'm astounded they included that given their conservative stance to date.

    MOT punters must realise the enormity of that revenue goal. If they even hit a quarter of that Xero revenue goal, then we're talking a $20m-$40m mkt cap company - just on that!

    MOT still have some decent tax losses from the past they can claw back on (reason why they chose the MOT shell in the first place imo)

    Yes it looks there's a placement on the way around 4c mark. My calcs say they must be getting low on cash and combined with the amount of money Raptor have already poured into Motopia to date via placements(and on market), I really cant see the management making any placement a big one nor giving it away to people are not supportive of the stock. Plus MOT is still, as it stands right now, not with out risk therefore the 4c is justified imo.

    Remember the Raptor guys have been cleaning up this shell (and the register) for over 12months. Given the work they've put into this already combined with knowing the MOT of the past, my hat goes off to those guys.

    The details of the larger prospectus raise next year will be key for me imo. Given the details in the acquisition announcement, it looks like it will be a 1:1 issue of sorts but the price of the raise didn't look set in stone imo.

    Then again, if they can hit the goals they've alluded to, there will be no shortage of underwriters putting their handsup imo. Otsana just raised $5m for DTZ and $3m for CR8. Both are sitting on 100% plus gains atm. So a $2m-$4m raise for MOT shouldn't be too hard to get away......IF THEY CAN HIT THEIR GOALS!!
 
watchlist Created with Sketch. Add CRO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.