weekend lounge short term trading: 18-20th oct, page-14

  1. 12,525 Posts.
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    Entry for STT list

    AAY - changing name to Applabs Technologies

    Not a spur of the moment sector hype decision - they were also looking at buying MoBoom several months ago well before HC cottoned onto the new boom sector

    Acquiring InGenius Labs and Applabs Australia

    Develops iPhone and iPad apps and also finances others ideas for apps

    $1.6 million cap
    no debt

    will have very tight share structure and a market cap under $8 million with $3 million cash even after the deal


    one of the many apps from the company AAY is acquiring

 
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