Y&B made featured in the Australian this morning. Finally...

Y&B made featured in the Australian this morning. Finally picking up some traction. Don't you love that feeling when you find a gem well before the rest of the market

Yonder & Beyond, not yet listed

THE spate of tech plays undertaking reverse listings through mining company shells is redolent of the late 1990s dotcom boom, albeit in miniaturised form. Let’s hope the promoters, and investors, have learnt about the virtues of under-promising and over-delivering.
At least the amounts being raised are relatively small and vendors are not trousering obscene amounts on listing.
In a fresh version of the exercise, tech “incubator” Y&B plans to list via the remains of (not so) Quintessential Resources, raising between $5 million and $8m. After the customary share consolidation Y&B will relist in December with an indicative market cap of $17m, including $7m cash. The main focus is on commercialising its flagship asset, mobile food and beverage ordering and payment app Bopple. But the broader charter is to invest in a portfolio of start-up tech plays.
Y&B also owns PlayMeet (a music-based social chat app), Prism Digital (digital recruitment), Gopher (“the Uber for couriers”) and Wondr (events-based social networking). Y&B is to be headed by Sasho Fernando, who founded Saffron Digital in 2007 for $3m and sold it to HTC Corporation for $50m in 2011.