Overall I think that this is a positive move for the company to focus on the higher margin business. I would have liked to have seen more commentary on how much this sale will save them in expenses moving forward as I would expect costs will come down overall on exiting what was a low margin and potentially costly part of the business. Obviously this part of the business has not been a key focus in recent months either noting the drop off in revenue as the focus on Trafficguard.
I have a slight concern over the deal struck is in the profit share arrangement where the new owner benefits from trying to ensure profits are kept under the $1m figure for 3 years. $1,000,001 would be $250k to TMP where as <$1m is $100k to TMP. '
Either way it is the cost savings and progress in sales with focus on high margin SaaS that will drive this moving forward. Retaining the 10% interest in Mpire will still give us some additional cash with a little boost for now also.
Not much downside anyway given how the market cap of TMP has been slammed already to not much more than cash backing and a shell.
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5.8¢ |
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Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.8¢ | $374 | 6.447K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2923 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 136500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 76197 | 0.057 |
1 | 175000 | 0.055 |
2 | 51988 | 0.054 |
1 | 1000000 | 0.008 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 136500 | 2 |
0.065 | 200 | 1 |
0.070 | 100000 | 1 |
0.072 | 40000 | 1 |
0.073 | 268891 | 2 |
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