MOO 0.00% 0.2¢ monto minerals ltd

Ann: Prospectus-ShareRoot transaction and capital raising, page-13

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  1. 200 Posts.
    It's good to see the penny has dropped on the consolidation.

    One thing I was interested in seeing was Shareroot's financial performance (p77 on pdf) and it's eye-opening:
    Revenue for FY 2013: $0.2m
    Revenue for FY 2014: $0.2m
    Revenue for HY 2015: $14k....that's not a typo

    The numbers paint a different picture to management vibes, e.g. "track record of closing big clients"
    Start-up of course but where's the growth?
    How does this justify a fully diluted (post consol) MC of ~$23m?

    Do they need money to grow & thrive or just to stay afloat?
    I need to do more DD but I'm worried it could be another Yatango.
 
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