AV1 - Adveritas Limited

[System]

On 10 October 2012, Fortunis Resources entered into a farm-in and joint venture agreement with Barrambie Minerals Limited (BML) to earn up to a 51% interest in Exploration Licence E57/838 in the East Murchison region of Western Australia. The Tenement comprises BML's Barrambie Project. The company also entered into a deed of assignment and assumption with BML pursuant to which it agreed to pay a royalty of 1.5% of the company's share of profits received from the recovery of minerals from the tenement.

http://www.fortunisresources.com.au

 

[System]

On June 29th, 2015, Fortunis Resources Limited (FOT) changed its name and ASX code to Tech Mpire Limited (TMP).

 

[System]

On December 7th, 2018, Tech Mpire Limited (TMP) changed its name and ASX code to Adveritas Limited (AV1).

 

[greggles]

Adveritas has been quietly making share price gains since late October and has risen from around 4c to a high of 14c today. The gains appear to have been as a result of encouraging news regarding the company's TrafficGuard® Software-as-a-Service (SaaS) which was launched in July 2018 and has begun generating revenue for AV1. On 12 November the company further reported that TrafficGuard has achieved key technology milestones and has been enhanced with significant new features.

Something here perhaps for the technophiles who understand the TrafficGuard product and its potential?

 

[barney]

has risen from around 4c to a high of 14c today.

Still trading at 13 cents today … absolute mystery this one

 

[Trav.]

popped up on my weekly scan and looks interesting. Recent completion of $2M placement @ $0.165 and closed today @ $0.145 plus they won a contract on the 11/4 so maybe they can start being cash flow positive.

 

[Knobby22]

popped up on my weekly scan and looks interesting. Recent completion of $2M placement @ $0.165 and closed today @ $0.145 plus they won a contract on the 11/4 so maybe they can start being cash flow positive.

View attachment 94328

The company does seem to be having success. I recently bought a small holding just before the raising. Soon find out whether it's a dud or star.

 

[Trav.]

ok so I have done my 5 minutes of research and determined that TrafficGuard (one of the products sold by AV1) is used to protect companies that advertise within an app. The advertiser would pay the owner of the app for each click on their advert and I suppose subsequent installation of the product / game etc. The people advertising do not want to pay for fraudulent clicks by bot's so TrafficGuard has a number of ways to determine the difference between human and bot then blocks the bot and the company does not get charged for this fake traffic.

I suppose that the amount of money being spent on advertising around the world is huge and paying for fraudulent hits that dont reaching the target audience could chew up your advertising budget pretty quick.

How do you price something like this? I have no idea but I had not thought about this being an issue before and I do not know how many companies are competing in this space but I am sure that the hardest part is getting your first significant order and it appears that they have done this now so it will be one to watch.

 

[Knobby22]

The company has a chequered history. They have completely changed their focus. Their now ex largest shareholder is in trouble for fraud and has sold out which has depressed the SP.
The raisings however are in house and tightly controlled to limit dilution. No interest in an SPP.
I think the upside could be very good.

 

[Trav.]

I think the upside could be very good.

Let’s hope so as I will be taking a position next week

 

[Knobby22]

Big drop today, now below my buying price of 0.135. Hmmm.

 

[Trav.]

Big drop today, now below my buying price of 0.135. Hmmm.

yeah sorry about that @Knobby22 I bought in today and the kiss of death has been given to AV1

 

[rnr]

yeah sorry about that @Knobby22 I bought in today and the kiss of death has been given to AV1

Eh? What's this? I though you were giving mouth-to-mouth resuscitation!

 

[Knobby22]

Price appears to be stabilising. Time to be a little patient.

Those informed investors who participated in the raising at 16.5c must be feeling some pain.

 

[Knobby22]

Big smile!

 

[Trav.]

Big smile!

haha I was thinking that you might have been buying again today...does $77k sound about right ?

Nice to see a bit of volume today and hopefully continues for the rest of week.

 

[Knobby22]

haha I was thinking that you might have been buying again today...does $77k sound about right ?

Nice to see a bit of volume today and hopefully continues for the rest of week.

Another nice win today. Feeling more confident.

 

[Trav.]

Yes looking good. I’m still holding and waiting patiently, just lack of volume and not really getting noticed by anyone.

 

[Knobby22]

Placement at 10c by existing holders. 2.8mil.
A bit of a confidence boost.

 

[Trav.]

AV1 has been on my **** list for a while now as I should have sold in June as SP really started to dive. Being stubborn ( stupid ) I am still holding and hoping that today's news and SP rise will turn it around for AV1.

Still small volume which has been an issue for me as I see games being played (easy to drive price down) by some and the liquidity becomes an issue when looking for an exit.