M20 I hear ya. However this mob is similar to P1TUP - TTG MOBILE...

M20 I hear ya. However this mob is similar to P1

TUP - TTG MOBILE COUPON SERVICES LIMITED

In fact they raised around $2mil from memory through CDI's which are essentially just a normal IPO by a foreign company. Total shares on issue is around 635mil of which 5mil are CDIs tradeable on the ASX. Last traded price values the company at $700mil

Main difference between TTG & P1 is the proprietary Application Process Interface (API) developed by TTG. P1 has no such proprietary software platforms and relies on IPSHK & Ezybond i believe.

So, TTG & P1..are we comparing apple with apple? Have a look and decide. TTG market cap $700mil, P1 to be valued at $300mil?

http://www.ttg.hk/Service.asp

http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=tup&timeframe=Y&year=2012