MWR Research

Hello Everyone,
Just thought to share my research notes with everyone toshare MGM Wireless potential and value proposition.

Profile

The Company is recognised as a global leader and pioneer insocially responsible technology for schools and families. Everything we do isbuilt on our unshakeable desire for families to feel safe and secure so thatthey can live with freedom, independence and joy.

Spacetalk is a mobile phone built into a smartwatch designed just forkids from the age of 5 to 12. Allows two-way phone calls and SMS messaging forchildren to a parent-controlled list of contacts and GPS tracking alertsparents whenever children leave designated safe spaces, such as school or thehome.

Spacetalk Life is a stylish, stand-alone mobile phone built into asmartwatch for seniors. Spacetalk Life keeps wearers safe, independent, andconnected with their loved ones, using SOS alerts, two-way phone calls, SMSmessaging and GPS location services and many other advanced features. TheAllMy Tribe App enables families to directly care for their seniors.School CommunicationBusiness, MGM created the world’s first SMS basedAutomated Student Absence Notification Solution for schools and is recognisedas a global leader in socially responsible and technology-enabled schoolcommunication. Last year’s Schools communication service revenue was $2.2million.

Corporate Snapshot

Shares on Issue: 165 million Approx.
Market Cap: $24.8 million Approx.
Current Share Price: $0.15
52 weeks high: $0.44
52 weeks low: $0.069

16.2 million Unlisted options at various high exerciseprices.

Financials

Cash in bank (31/5/2020): $3.7 million

Company made repayment of a $1.75 million convertible note inMay 2020 and Company is debt free now.

Business Overview

Wearables – Addressable market

Spacetalk (Some screenshots fromlast year presentation)

Value Proposition and Addressable Market

Distribution channel

Company sell Spacetalk in Australia, New Zealand and theUnited Kingdom.

Sales soared online and have been exponentially boosted bymajor retail chains in Australia, UK and New Zealand such as

JB Hi-Fi, The Good Guys, Officeworks,Kogan, Noel Lemming, Harvey Norman and Currys PC World. Mobile NetworkOperators Spark in New Zealand and Sky Mobile in the UK sell SPACETALK onmonthly plans.

Vodafone to sell SPACETALKchildren’s mobile phone smartwatch on monthly plans in retail stores from 30 June 2020.

New and upcoming products

Spacetalk Life launched in June 2020

All in my opinion and research. Good luck and please do your own research.