Ann: MSL acquires OrderMate and commences US growth strategy, page-2

Interesting. I think the acquisition makes sense, and the pricing looks ok but the real story here is the SPP and the US "growth strategy". This is really via the introduction of Taubman Capital as a shareholder. Presumably this gives the company some sort of an "in" into US contacts. The SPP is curious because there are no targets given for the amount the company intends to raise, nor what the funds will be used for. The Acquisition is covered off by the convertable note, $2M equity component of sale and existing cash. With 721 shareholders the company could in theory raise $21.6M via the SPP. The assumption is that these funds will be targetted on US acquisitions, but more clarity is needed.