CRO 2.33% 8.8¢ cirralto limited

Hi Exasperated, See MOT announcement 19 December 2014 for...

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  1. 1,857 Posts.
    Hi Exasperated,

    See MOT announcement 19 December 2014 for Cirralto/MOT agreement.
    Completely agree with your revenue questions though?
    Only 2 quarterlies since that agreement was announced has shown revenue that totalled just under $70k.
    Historically not a commercially beneficially agreement for MOT shareholders.

    Now I'm not IT expert by any means, but the IT landscape has significantly changed since that original agreement was announced, and one can only suggest that this MU2 conversion solution has some legs to it.

    From my understanding many very large companies (eg banks, telcos, Tier 1 listed clients etc) still use Access databases and migrating their data to the cloud can be a nightmare with a huge price tag to add. This I know from experience from just 1 platform.

    Today's MU2 conversion tool must be something very special, hence my previous flash convert comments. If this migration tool was not effective, a $2B company like Xero would not endorse them. Here I'm assuming flash convert are using one aspect of MOT/Cirralto's MU2 conversion tool.

    But again, in line with your main concern (as mine) its a question of how much revenue?
    One cant argue the bigger picture is definitely more visible after today's announcement.
 
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