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.
It's good to see the penny has dropped on the consolidation. One...
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