Can't see any need for a cap raise at all?
Of course promises must be delivered on
Highlights:
Name and ASX code change from Motopia Limited (ASX: MOT) to Cirralto Limited (ASX: CRO) in November 2017
Board upgraded the Company’s target revenue for FY18 from $2.5M to $4.2M
Circa 100% growth in revenue from previous year
Strong growth forecast for remaining half year
Letter of Intent (LOI) signed with Swedish smart payments company West International AB
Contracts signed with a number of new customers including national franchise groups
Rollout of eCommerce and modernisation solutions ongoing
Pilot projects ongoing with more national franchise groups and retail operations joining the pilot phases • Partnership with Telstra continued to deepen with engagement over several vertical markets
Sales strategy development continued into new channels with strong engagement into accounting and financial management software providers
Due diligence continued into the development of a separate business unit to take advantage of merchant acquiring and payments opportunities
CRO Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held