NYO 0.00% 0.1¢ nyota minerals limited

Ann: Additional funding and proposed acquisition, page-5

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  1. 675 Posts.
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    First, congratulations, they go tech rather than lithium or gold to stay in the current sector.

    Provided you want to know what BigDish exactly is, I suggest you have a visit their website www. bigdish.com. Alternatively, I found their mobile phone app in the Google Store, you might as well take a look.

    My assumption as to how the company generate revenue is that restaurants which want to list in the app must pay fees to BigDish like advertising.

    I also notice that if they want to be a company such as Uber as they mentioned in the announcement, global expansion is absolutely critical, not just doing business with restaurants in South East of Asia. For example, I am eager to use the app to book a restaurant in Australia, unfortunately I cannot.

    The last thing is, according to the announcement, the transaction needs 4 months to complete. I do not understand why that takes that long.

    Overall, I am satisfied with the deal, in spite of not incredibly spectacular.
 
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