This company did a reverse takeover of Healthlinx last year
They are raising $70 via 1,000 $0.07 shares, but also doing a raising of 24m and 16m shares? Although they've already done that. But they're also raising $3.1m
The Lead broker is Bell Potter, run by Les Owen in Sydney, and the company is managed by Anthony Owen (no idea if related?)
No. Stop. Found it. The website has a terrific video that moves too fast and looks totally bonza but tells you absolutely nothing about what they do. Which for a company selling itself as a communication for communications company is pretty tragic
If you dig deep on the website you find this
ABOUT US
Manalto is a provider of enterprise social media management solutions. Manalto enables organizations to efficiently manage their social media assets at scale, with alignment to their structure. Manalto delivers controls to support brand management and risk management across social media. Manalto has offices in Los Angeles and Washington DC, and supports customers globally.
Whatever that means. It would appear that no one else has an idea as well, the Half Year results show that this company, despite burning cash like no mans business, made a WHOPPING $50,000 in revenue
I understand why they are seeking to raise $3.1m, this seems like another one of those great ideas someone has that doesn't actually make any money
NTA says 1.5c, Share Price 6.7c, Raising at 7c
DYOR, I reserve the right to be very wrong
MTL Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
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