1. MOT now being a conversion partner for ASX:XRO. Great partner to be involved with.
2. "Cirralto’s target segment where its services can provide the most benefit to customers is in the small to medium enterprise segment; buying groups; wholesale distributors and franchise groups. It is currently engaged with one franchise group with over 250 stores nationally to deliver a cloud migration and eCommerce enabled solution to its owned and franchisee stores."
This sounds massive. Why did they mention Xero but not this client. Tells me its perhaps a very big client indeed. Please tell us more!
3. Post consolidation structure: Existing Shares 65.3m - Capital Raise Shares 65.3m
That looks like it'll be a 1:1 rights/entitlement issue. The notes underneath that table says 4c post consolidation.
That's like buying at 0.0004 right now!!! But you got to be a shareholder first if infact it turns out to be rights/entitlement issued.
Wonder how long it takes for mkt to speculate on that clean out the 0.001s for a crack at the 0.0004s.
4. Valuation looks ok - 132m shares @ 4c (assuming that's their base theyre using) = $5.2m.
With $1m revenue minimum + the unnamed franchise partner.