This one looks very appealing and attractive on the face of it.
1. No owner sell down
2. Established revenue growth except in 2016 due to change from Non Digital to Video etc
3. Profit margins nearly doubled from the change in 2016
4.No seed shares or pre IPO shares etc. First ever capital raising.
5.Unbelievably tightly held with more than 80% escrowed at listing
6.1 for 2 free options which will be listed
7.Even though 2016 revenue was down due to the platform shift, EV is 1.8 times 2016 revenue at $40 mil or so. Expected huge revenue increases in 2017.
8. Peers trading up to 8.8 times revenue.
9. Well established clientele and partnerships
10.Management owns nearly 80% with Myspace founder on Board with other big well known founders.
So what am I missing here? Raising $4 mil to$6 mil at 20c with 1 for 2 free 25c attaching listed options.Sanlam Private Wealth ( No Idea who they are ) in the Lead Role.Ppl in the know I request you to contribute to this thread and let us know what are the pitfalls or positives of this IPO. It looks too good to be true at this price.
