Ann: Launches AddGlu Predictive Performance Marketing Platform, page-31

This is not a developing business poker. Even if it was, intangibles still need to be impaired.

They have been reinventing themselves for 17 years and have now landed in a very competitive space.

You cannot ignore that.

Menulog has a completely different business model. Not relevant.

Clipp has missed the boat as far as being a generic pay-by-phone provider. They should have done that before the banks launched their apps.

Being flagged as non-core only means that there is no way up and that they are no longer prepared to support the business.

IPO. Yeah, right.