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They sold 1,837,500,000 shares at 0.2p raising 3.675m
Don't get how they sold 87.5m shares for 3.5m but all shares in circulation value us at 4m... market must be crushing this.
Thanks Silenced.
New non exe chairman
HappyRob, what has this guy got to do with LSAI please ?
https://www.ey.com/en_uk/entrepreneur-of-the-year/judges/simon-wilkinson
https://theorg.com/org/mobica-limited/team/simon-wilkinson
Former Chief Executive Officer of Myriad Group AG, Purple Labs & Magic4
Mobile Software and Mobile Social Messaging leader developed through multiple large M&A transactions to build a business from 80 people to 900+ and with a leadership position in both its markets. Myriad Group AG was listed in Zurich with a US$600 million market cap.
Founder and Chief Executive Officer of Magic4 Ltd, mobile messaging software market leader, backed by 3i, Philips Ventures and Motorola Ventures, sold to Openwave Systems for $83 million in August 2004
Founded and developed Magic4 from promising technology start-up to profitable market leader. Raised venture funding of $21 million from 3i, Philip and Motorola. Recruitment and management of a senior team of industry professionals, and built the global organisation from zero to 150 people, with offices in the UK, USA, China, Hong Kong, France and India
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Developed and recommended to the Board a strategy for a successful exit for the investors, negotiated and implemented the strategy (sale to Openwave for $83m in August 2004).
Produced strong consistent revenue growth of over 100% year on year; achieved profitability and positive cash flow, and $23 million in annual revenue.
Helped Magic4 earn recognition as the leading provider of messaging solutions to wireless terminal manufacturers and was personally recognised as the Ernst & Young Emerging Entrepreneur of the year 2002. Also a regular contributor and Speaker at international telecommunications conferences including 3GSM.
Personal profile
Strong business professional with demonstrable track record of delivery in a number of challenging roles. ‘All rounder’ with solid skills in General Management, Sales, Corporate Finance, and Business Change. Commercially astute, able to quickly grasp key business issues and add value. Excellent interpersonal skills able to influence at all levels. Clear record of recruiting, motivating and managing senior level teams to deliver.