Indicative Timetable states May however late May early June re-quotation is probably closer to the mark.
Beta Launch: July 2016 (timetable) and David has stated Beta within 90 days of re-quotation so that fits. There has been no communication regarding the specifics of the Beta launch aside from mention of the select markets/countries involved and they will be using the Beta to iterate the tech before global rollout. I'm sure we will hear specifics in due course.
Global Launch: Q4 2016
Again no specifics have been communicated regarding what this will look like however 50% of funding (presuming maximum subscription) has been allocated toward "Customer Acquisition" so marketing spend appears quite aggressive. Customer acquisition may include wining and dining; holidays; gambling & girls so hopefully there's some change left over from that.. Just joking..
5c x 961,000,000 shares (rounded up) including 147,000,000 Performance shares to Key Ideas in consideration of the acquisition (based on maximum subscription) = Circa 48m MC according to my calculations. Not sure if Performance shares are supposed to be included in the above calculation though. Maybe somebody else can chime in on that.
Without including the Performance shares that figure = Circa $41m MC (based on max sub) I'd like clarification on that figure myself tbh.
@RSD yes consolidation of shares has been completed at 5:1 already.
