MTL - $21 million market cap at current
Exactly 1/8th of CVT's
Both recent ASX tech IPO's
Both directed by Trent Telford, founder of CVT
Europlay Capital Advisors have taken a substantial holding - Europlay were founding investors in Skype, and also took a large stake in CVT prior to listing.
EUROPLAY MAKES EDDIE SUGAR LOOK LIKE IRONJACK5
MTL was trading at 35c until FOES (Fear of Escrow Selling) sent the price packing.
But only 470,000 shares came out of escrow, price now bouncing off 20c
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