Management purchasing $400k worth of shares in arranged market trade.
Motio Names Harley Grosser as Non-Executive Director.
5th Feb 2021.
Capital H owns about 20% of MXO and Harley now sits on the board as a NED.
Resolution to change name in upcoming AGM.
Its interesting sometimes how a name change, can remove the stigma of old. XTD will be no-more.
I almost want to just copy and paste the entire content of this article as a straw. However suspect it would breach copyright if not Strawman rules.
Nevertheless, the article below does a great job at explaining the industry and sector XTD are operating in.
New management team with share price based performance targets of 8c and 12c.
4c options issued to management out of the money. New aquisition of Adline Pty Ltd is actually old oOh!Media Ltd business which was spun out in late 2018 as non core asset.
New COO ex and CEO both demonstrated experience growing revenue and success in the space.
Sub $5m market cap for a cash flow positive business with multiple million current contracted (historic business) revenue. If new team can bring in new sales, a high margin business where most should flow to bottom line.