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adobee

Joined
29 June 2006
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Been watching this one (appears to be back door entry some time back) for a while as it is into mobile apps which I think are a gold mine.. Seems to be taking off today (not sure why as their is no news out).. One of the main share holders is Anthony Cannavo who appears to be the Aussie Guy who owns girls gone wild and is in some trouble in LA for possible hitting a girl with his Bentley..

From what I have read the company specialising in making apps for stars, ie the signed Reynaldo the soccer player, make an app game for him and then it goes live on the smart phone websites and they share profits (% etc unknown at this stage)..

I think there is a lot of money in this sector but it will depend on how to capture it and do it right.. If they get it right there is always potential for a take over by someone big like google etc too I guess..

Some recent links..

http://www.businessspectator.mobi/b...-Medic-Vision-shares-via-n-3S4BZ?OpenDocument

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=MOT

http://web.motopia.com/

http://www.computerworld.com.au/article/374611/market_briefs_structural_monitoring_motopia/

http://www.cfoworld.com.au/news/533659/motopia-hires-new-blood-during-rebranding/

Motopia is fast becoming a world leader in the high growth areas of mobile marketing and branded mobile content creation, licensing and distribution. Motopia partners with advertising agencies, brands and mobile advertising networks providing turnkey advertising technology and marketing solutions, aimed at simplifying the advertising processes on both ends of the value chain.
 
Re: MOT

Current position seems to be they have $1.8m cash in the bank

Just spent $8m + shares to buy M Connect Group (3 million in cash, as well as 100 million MVH shares at $0.05 per share and 10 million options exercisable at $0.20.)

http://www.computerworld.com.au/article/365208/medicvision_signs_papers_8m_mconnect_buy/

Directors seem to have been buying up throughout January..

Seems to be almost on a breakout today at high of 11c since change of company direction etc..
 
Re: MOT

cracked 11c a few times this morning ... now appears to be biggest volume since Motopia started and only half way through the day.. (been watching for last few weeks and its mainly been volume around 500k at 9c) .. Any chartists want to tell me there thoughts .. ?
 
Re: MOT

ASX Announcement
Completion of acquisition of 2moro mobileFurther to the announcement made on 24 November 2010, the Directors of Motopia Limited (Company) are pleased to announce the completion of the acquisition of the 2moro Mobile Pty Ltd.
The issue of 10,000,000 shares as consideration for the acquisition of all of the shares in 2moro Mobile Pty Ltd will be issued by the Company to the Sellers utilising the 15% exemption rule under ASX Listing Rule 7.1.
As part of the completion process, the parties will finalise a number of post completion actions, such as issuing the completion shares and options, over the next 10 days. The 10,000,000 shares to be issued consideration for the acquisition are subject to voluntary cascading escrow provisions ranging from 12 months to 3 years.2moro mobile is one of the largest and most trusted mobile app developers in Australia. 2moro mobile has worked closely with major advertising agencies and brands such as Microsoft, Nova and Toyota to deliver many highly successful mobile apps, games and campaignsThe acquisition of 2moro mobile enables the Company to cement its competitive position in the mobile media and marketing industry.
 
Motopia Limited (Company) is pleased to announce that it has entered into an asset sale agreement to acquire all the business rights and interests in gaming platform company, Fatzoo.
Fatzoo platform allows mobile-to-mobile, web-to-mobile and web-to-web game play and will be officially launched in March 2011. The Fatzoo platform may be placed on a free to pay or pay-to-play tournament basis.
The consideration for the Fatzoo acquisition is $150,000 plus 1,500,000 at $0.40 per shares.
 
I understand the chairman of MOT is same as FMJ Fortis Mining..
Mr Indrajit (Jitto) Arulampalam

Doesnt mean much at this stage unless they make a mining app, but noted..
 
adobee said:
I understand the chairman of MOT is same as FMJ Fortis Mining..
Mr Indrajit (Jitto) Arulampalam

Doesnt mean much at this stage unless they make a mining app, but noted..
Click to expand...

Maybe he feels like I do ..that we are sitting on a potential gold mine.

Plenty of kids out there with money to spend on apps, not to mention adults
 
Trying to work out how the issue of shares at .40 works when they are trading at .10 ?? Are they in Escrow till the shares get to this price or are they just calculated on purchase price divide .40 = how many shares you will get .. really you would think the sellers would look at how many shares they get times current price as the value they are getting for there business .. ? Although I guess accepting shares at this price might have some tax implications..
 
Maybe they are hoping that the price of 0.40 reflects the value of the share after finalisation and given that the platform comes online in march thereby the possibility of a profit.

Also taking into consideration the 6mth vol escrow of these shares, I believe that both parties agree that the share price in 6 mths will be about 0.40 per share. This is acheiveable given the possible of good profits after the march launch.

If this looks like occurring don't be surprised if a takeover follows.
 
News out this morning....

Motopia signs Heads of Agreement with Pro Fantasy Sports (Australian mobile app developer for
exclusive mobile rights to marquee AFL players)
 
seems to be a bit of news flow starting now.. hopefully it continues..

Still dont understand the payment of shares at 0.50c

??
 
adobee said:
seems to be a bit of news flow starting now.. hopefully it continues..

Still dont understand the payment of shares at 0.50c

??
Click to expand...

Nor me.

Reminds me a little of the early days of FMJ. Offering shares at a higher price than the current market.
 
Pity they didn't get this earlier, Fantasy Leagues are a big thing so I've been told by friends who participate. Pity there wasn't time to adapt it to Cricket. With the IPL starting esp of the back of India's world cup win the Indian cricket fans would go wild over it.

Then the dollars will roll in. But for those of you who dont know this fantasy league is big dollars, more so oversea's esp in England. When you add to the fact that not only do we own the League Format but also the advertising format to go with it. Its like keeping the money in the family.

This coupled with the fact that the previous owners accepted shares based on an inflated price of 50 cents means that those in the know have some idea of where this could head to.

And before anyone states the obvious yes they accepted an inflated share price and to compensate for that we probably paid an inflated price for the company but at the end of the day its a step forward in consolidating total electronic media/games/apps packages.
 
Nobody in there right mind would take '50 cents' per share for their business when the shares are only at 10 cents. More than likely the 'business' will also be valued at 5 times its actual value, seems a bit dodgy to me, what value will the business be given in the books?? 50 cents times number of shares issued???
 
Not sure of accounting rules but it might allow them to book a profit
 
On November 27th, 2017, Motopia Limited (MOT) changed its name and ASX code to Cirralto Limited (CRO).
 
Recent PB, still showing good uptrend and volume.
One to consider? As always, DYOR.
Entry taken yesterday.

6 month chart.


1 month chart
 
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