Last night I said "... now for the next cloud based acquisition..." and this morning it goes into a trading halt pending a material acquisition.
This has been on the cards for a few months though, if you read all their information. They had shortlisted a number of companies and been in discussion with them, but their priority picks wanted too much in return at that time. Well, the recent I.T. bubble has leveled out somewhat, and so it looks like a preferred company has come back to the table and now wants in.
This should be an excellent acquisition for a growing and expanding company, and there will probably be at least another one in 2016.
This company has turned a profit NPAT in it's first year on the ASX, a very good result.
Keep an eye out, there could be more to come from MOQ.
Gw
MOQ Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
