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8.8¢ cirralto limited

News: MOT Motopia to acquire Cirralto business services, page-6

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Midnight26

4,791 Posts.

385

10/11/16

15:17

Post #: 20522444
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Originally posted by The Sparkler ↑

Very good read.
Couple of standout items for me.

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.

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Nice work Sparky.

MOT Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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