running out of sellers ferrett announc,, page-4

"leading asian e-commerce group" They paid less than 30m for 3 businesses making around $45m in revenue and call themselves leading. 360m shares on issue values this close to $200m . Those who bought 115m shares in the ipo at 32c should take profits imo. Those who own the other 245m shares got them either free or paid a hell lot less than 32c

The shareholdings are owned mainly by overseas entities

Catcha Group 88,924,936 25.1%
Buy Together Seller 42,270,531 11.9%
Dealguru Sellers 78,099,839 22.1%
Convertible Note holders 29,166,666 8.2%

I cant see the $200m valuation , they may just be profitable or not. cash around $11m , around $5m outstanding in payables over recievables.