RE: Rapid Nutrition6 May 2018 14:34
found this on montivideo
This was from a fairy story valuation of RAP. It would seem as though the value of Motivideo is linked to the audited accounts mention of future paid for advertising. Motivideo In FY2013 Rapid Nutrition entered into an agreement with Motivideo Systems Inc. Effectively the joint venture agreement provides for a stock swap wherein, Rapid Nutrition owns 15% of shares in Motivideo and Motivideo owns around 7% of shares in Rapid Nutrition. Pursuant to the JV agreement, Motivideo�s subsidiary �Motivate Health Technologies� will distribute Rapid Nutrition products using substantial market contacts throughout the United States. hTTp://rnplc.com/media/55935a1255604.pdf
if one looks at rapids p&l the bulk of the income in 2017 was from usa not asia.
Co Founder Motivideo, Inc. January 2012 � Present (6 years 5 months)Greater Los Angeles Area Motivideo develops 24/7 personalized health & lifestyle coaching for mobile. Motivate is an owner of Vushaper, the developer of video-delivery apps and software that enables the delivery of interactive unicast video to mobile devices. Motivideo Systems Inc. (MOTV) is a life sciences company that is introducing a line ofinnovative mobile apps and internet products that deliver self-assembling unicast video via smartphones and internet-connected devices. In association with it�s development partner, 8th Light, a premier US-based software team, the company�s media system provider, Vushaper, LLC, has created a breakthrough in customized video delivery. Emmy-winning, patented technology is exclusively available to Motivideo for the health industry via license with its partially-owned subsidiaries, VuShaper, LLC and NTECH Properties, Inc.
Well just done a bit more digging and found out that MHT is not actually incorporated in Califonia, it's incorporated in Nevada but their website is currently down for maintenance. When it's back up i'll look them up and see if I can put any meat on the bones of that �3.5m valuation.
have not checked whether above posts are correct or accurate so for those that like fundas dyor and check them out.