So, to summarise, we currently have:
360M shares on issue
Market cap of $13.7M
Cash of $3M
So an EV of $10M for the existing business (Veterans Call etc). Which Google has identified as 1 of 10 businesses with "high growth potential". Said Google "We look forward to seeing Activistic be one of our higher growth accounts THIS YEAR.” (my emphasis).
Over 150k downloads of Veterans App and 12 partnerships. Another app, Ralli, released and has 50 charities represented. Other products in the pipeline.
Then add PlusConnect:
Post acquisition, 550M shares on issue.
Market cap at 3.7c - $20M
Cash $3M
A very complementary acquisition targeting net revenue of $1.5M per month ($18M per annum).
We also have a peer with a marketcap exceeding $400M. And a cornerstone investor stumping up $1M for 50M shares - almost 14% of the company. Prosser has another 39M. A touch over 10%.
And if the fundamentals aren't enough, there's an almost perfect bullish flag pattern on the daily chart in which volume has almost dried up ready for the next leg.
Just wow.
A $50M cap would be around 10c (fully diluted post acquisition). Should get there easily in coming weeks.
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