Ann: Becoming a substantial holder, page-4

Impressive. $816,000.00 AUD purchased across 20th of May to the 16th of June at an average of around 1.6 cents.

He evidently keeps a low profile as a private investor. But, it appears that Mr Kephala is a professional director who previously worked as a solicitor. His tagline is: "Deep value investor. Buy flowers when they look like weeds. Then water them and go and play golf." With a bit of digging around, I have noted that he has liked the following post on Twitter: "CXZ: large cash balance and good FCF. Good CEO and incoming growth through white label software outside their GM client."

I think Mr Kephala will be looking to target about 2-3 bags in profit from these $14m valuation levels. Given low liquidity, one would have to imagine that this is a medium-long term hold for him with a target of a ~$50+ million market cap exit price (or more) where liquidity will start to improve. CXZ signing another OEM and/or 3rd party network monetisation is the catalyst that will get them there.

T.E.P.