SP1 0.00% $1.07 southern cross payments ltd

Hi All,Thought I'd start a new thread with all of the important...

  1. 959 Posts.
    Hi All,

    Thought I'd start a new thread with all of the important information in one spot.

    I will post more info later but here's a summary of some of the info that has already been posted on other threads to get things going:

    - As the thread titles points out: $5M MC, $3M Cash, $2M EV;

    - Only 25M shares on issue, of which 6M are escrowed, so makes the free float even smaller;

    - HomeOpen App to be launched any time now (touted to be better than realestate.com.au);

    - Serious App development/financing/acquisition company but without anything it is cheap just as an IT shell;

    - Recent IPO oversubscribed by more than 3 times.


    This is way too cheap in my opinion and it looks like the market is waking up.
 
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