Ann: Half Yearly Report and Accounts, page-2

We are the first to admit that we're not the sharpest tools in the tool room when it comes to analysing company statements but something looks awfully strange here. Raptor Global and Adriane Floate, the 'saviours' of Motopia, that have achieved nothing in terms of revenue, paid themselves $160K and $600k over last 6 months of 2016. And having achieved a loss of $750k in 6 months, to add to the overall loss of $46 million, having $5,500 cash in the bank, and no evidence of customer revenue streams anywhere in sight, they are saying they will raise $2.6m from shareholders to buy Chirralto which is closely aligned to Adrian Floate! Add to this,there was a cash payout of $60k to GWT Systems, a company owned by former MOT CEO, Peter Paterson, for a debt that, back in 2914, we were told was settled by the issue of 41 million shares to GWT ( the management advice service deal was based on GWT receiving shares in MOT as the form of payment). Buying Chirralto is one thing. Feeding it money to meet its operating expenses (which you can bet will be huge) is another. We would be interested to hear the view of others.