VMob back-door listing has merit if Asian markets pay off, funding achieved

Tue, 31 Jul 2012

By Paul McBeth Aug. 1 (BusinessDesk) - VMob's proposed back-door listing on the NZAX has merit provided the smart-phone voucher application software firm can tap Southeast Asian markets and secure more funding to get it past the start-up phase, according to the independent adviser's report. The Auckland-based tech start-up is eyeing a listing via shell company Velo Capital to secure another $1.4 million in capital to get it through its unprofitable early years. It has already sold $1 million of notes which will convert to shares if the deal...

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