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MOBECOM LIMITED (MBM)

Suspended from ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
MOBECOM LIMITED01/06/2017
WARATAH RESOURCES LIMITED09/05/201101/06/2017
WARATAH GOLD LIMITED09/05/2011

Shareholder links

Our website ranking of MBM: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000

Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MBM1
Address: Suite 305, Level 3 35 Lime Street Sydney NSW 2000
Tel:  + 61 2 9922 6988 Fax: + 61 2 9922 6966

Date first listed: 17/07/2008
Company Secretary: Jarrod White
Sector: Materials Industry Group: XMJ
Activities: African iron ore exploration
OFX Transferring Money Internationally to Free

The company had entered into a share sale and purchase agreement with Lakeba Ventures to implement an effective reversal of the acquisition of IP rights in the AirCrypto Platform and shares in AirCrypto Pty Ltd. The SSPA is being entered into as part of a wider transaction which will see Lakeba (and its related parties) reduce its position in MBM. Further details of the wider transaction will be set out in a notice of general meeting of shareholders which is due to be issued by MBM in the next fortnight.

11/09/2020

The company releases an Appendix 2A.

08/09/2020

The company releases a notice of Proposed issue of Securities - MBM.

08/09/2020

The company releases a notice of Proposed issue of Securities - MBM.

07/09/2020

The company releases an Appendix 2A.

07/09/2020

The company releases its Appendix 2As.

03/09/2020

The company lodges its Preliminary Final Report.

31/08/2020

The company has appointed Novus Capital to advise the company on a potential debt restructure and capital raising for acquisitions and working capital purposes.

17/08/2020

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company releases an Appendix 2A.

31/07/2020

The company lodges its Appendix 4C - quarterly.

30/07/2020

The company releases an Appendix 2A.

20/07/2020

The company releases an Appendix 2A.

25/06/2020

The company issues a notice of Proposed issue of Securities - MBM.

25/06/2020

The company announces an expansion of its initial agreement with Vodacom Group Limited. Vodacom has agreed to develop a new Enterprise extension, for their "˜Switched On Benefits' platform. This will allow Vodacom to serve up deals and offers to a greater audience, incapsulating merchants and allowing partners to view deals and promotions via event driven MicroService APIs. All of this technology will be underpinned by Mobecom's newly developed "˜Mosaic' Enterprise Engagement Platform.

15/06/2020

The company agreed to divest its entire interest in PBC and transfer this interest to Lakeba Group Entities for $1. The company has written off its previous investment in PBC for a variety of reasons following professional advice. The company and the Lakeba Group Entities have considered and agreed that it would be more appropriate to instead wind up PBC by way of voluntary deregistration. The company will aim to hold an EGM on or around 17 August 2020 due to the current nationwide impacts of COVID-19, which caused delays in commissioning the required IER to be prepared.

05/06/2020

The company lodges its March Quarterly Update and Appendix 4C.

30/04/2020

The company has entered into a new binding Term Sheet with Lakeba Group Pty. Ltd and a Secured Loan Facility Agreement and a New General Security Deed with Lakeba Ventures Pty. Ltd. ATF Lakeba Capital Unit Trust.

24/04/2020

The company lodges its Half Yearly Report and Accounts.

28/02/2020

The company issues a cleansing prospectus for an offer of twenty five (25) shares at an issue price of $0.04 per Share to raise $1.00.

13/02/2020

Upon completion of Mr. Dunstan's previous contracts, he has been on a month-to-month arrangement during which negotiation of a permanent appointment as Group CEO is being performed. The current arrangement provides Mr Dunstan with a monthly salary of $20,000. The finalisation of Mr Dunstan's contract is expected to be announced in due course, in conjunction with the previously indicated funding and corporate initiatives which have been underway recently.

13/02/2020

The company releases an Appendix 3G.

13/02/2020

The company releases an Appendix 2A.

13/02/2020

The company has successfully secured a placement with sophisticated investors for $489,800 in funding. Mobecome has also provided key management personnel and executives with unlisted share options in compliance with the ESOP in place and the contractual obligations to the Interim CEO.

13/02/2020

The company lodges its December Appendix 4C and Quarterly Report.

31/01/2020

The company has entered into a secured loan facility agreement and a general security deed with Lakeba Ventures Pty. Ltd. ATF Lakeba Capital Unit Trust subject to shareholder approval. Under the agreement, Lakeba have provided $500,000 of funding to Mobecom and, subject to certain conditions, a further $2.5 million also at 10% per annum compounded monthly, made available over the next 7 months. The loans can both be converted at any time.

30/01/2020

The company has signed a binding share sale and purchase agreement with Lakeba Ventures to effectively reverse the company's investment in the AirCrypto platform. As consideration for the foregoing, Lakeba has agreed to the cancellation of the 9,945,650 shares in the company it received in the original transaction through which the company acquired its investment. Completion of the transaction is subject to shareholder approval and receipt of an opinion from an independent expert that the transaction is fair and reasonable.

09/01/2020

The company is in the process of undertaking a major restructuring of its corporate structure, closing four of its Singapore subsidiaries and yesterday appointing Liquidators to two of its Australian subsidiaries. It is also the Company's intention to shut down the non-operating South African subsidiary, Airbux Cloud Currency Pty early in the new year. The restructuring in another step towards the company's stated objective of breaking even on an EBITDA basis during H2HY20.

24/12/2019

The company releases the results of its meeting.

29/11/2019

On 30 October 2019, the company completed all conditions precedent and signed a significant new Master Services Agreement with Nedbank Limited for the provision of its airBux Enterprise Engagement Platform. The MSA continues indefinitely with a minimum 90-day notice period. The company also signed the first transaction document for Phase 1 of the project. The contract is expected to be a significant contributor towards the copmany's objective of breaking even on an EBITDA basis during H2FY20.

04/11/2019

The company releases its FY2020 outlook presentation.

01/11/2019

The company lodges its Quarterly Review and Appendix 4C.

01/11/2019

The company's AGM will be held at 10:00am (AEDT) on Friday 29 November 2019 at Thomson Geer Level 25 1 O'Connell Street SYDNEY NSW.

29/10/2019

The company issues a cleansing prospectus for an offer of 2 shares at an issue price of $0.075 per share to raise up to $0.15; and 2 quoted options at an issue price of $0.001 per quoted option.

23/10/2019

79,698,415 fully paid ordinary shares and 10,795,499 unlisted options are due for release from escrow on 21 October 2019.

08/10/2019

The company releases its Appendix 4G and Corporate Governance Statement.

07/10/2019

The company lodges its Annual Report to shareholders.

07/10/2019

The company is in the process of completing its 2019 Annual Report and expects to release the Annual Report by no later than Friday 4 October 2019.

01/10/2019

The company releases the Results of Meeting.

27/09/2019

The company lodges its Preliminary Final Report.

30/08/2019

The company releases a notice of general meeting. The meeting will be held at 10:00am (AEST) on 27 September 2019 at Thomson Geer Level 25 1 O'Connell Sreet SYDNEY NSW.

27/08/2019

The company lodges an amended Appendix 4C.

12/08/2019

The company lodges its Quarterly Review and Appendix 4C.

01/08/2019

The securities of Mobecom Limited will be suspended from quotation immediately under Listing Rule 17.3, pending an announcement regarding suspected breaches of Chapter 10 of the Listing Rules.

29/07/2019

Mobecom has received firm commitments to raise in excess of $2.5 million via a share placement, receiving strong support from cornerstone, new and existing investors. Funds raised will support the rollout of airBux technology, Paid by Coins, research, development and working capital.

26/04/2019

The securities of Mobecom Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MBM, pending the release of an announcement regarding a capital raising

18/04/2019

The suspension of trading in the securities of Mobecom Limited will be lifted immediately following the release by the Company of an announcement regarding entry into a strategic partnership with Lakeba Group Pty Limited and completion of a capital raising.

20/06/2018

Mobecom has received firm commitments to raise $1,916,175.54 before costs via a share placement, receiving strong support. Memorandum of Understanding with technology company, Lakeba with respect to the development of a cryptocurrency to airBux exchange platform, the AirCrypto Platform, for Mobecom's customer loyalty platform, airBux. The AirCrypto Platform will provide liquidity for cryptocurrency holders, to transact using airBux in-store and in-app. This expands revenue opportunity to include transaction-based fees, and for increased transactions made using airBux, across a network of 150,000 payment terminals and 50,000 merchants.

20/06/2018

The securities of Mobecom Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a proposed strategic partnership with Lakeba Group Pty Limited, an acquisition of a business and a capital raising.

14/05/2018

The securities of Mobecom Limited will be reinstated to official quotation from the commencement of trading on Tuesday 17 October 2017, following the Company's compliance with Listing Rule 11.1.3 and Chapters 1 and 2 of the Listing Rules.

16/10/2017

The securities of the Company are expected to be reinstated to Official Quotation from the commencement of trading on Tuesday 17 October 2017, following the Company's compliance with Listing Rule 11.1.3 and Chapters 1 and 2 of the Listing Rules.

13/10/2017

All the offers have now closed. The company issued 25,556,000 fully paid ordinary shares at $0.20 to raise $5,111,200 before costs. The company has also completed the share sale agreement between CSB Engage and the shareholders of CSB Engage. The Company has issued 112,451,788 fully paid ordinary shares to the shareholders of CSB Engage as consideration in accordance with the Share Sale Agreement.

11/10/2017

ASX has granted the company a waiver to permit the company to issue, as approved by shareholders at the 1 May 2017 general meeting, securities later than 3 months after the date of shareholder approval.

09/10/2017

The company releases its Appendix 4G.

15/09/2017

The company lodges its Annual Report to shareholders.

15/09/2017

The company releases a second supplementary prospectus.

16/08/2017

The company issues a supplementary prospectus which is intended to be read in conjunction with the replacement prospectus.

02/08/2017

The company lodges its Quarterly Activities and Cashflow Report.

31/07/2017

The company issues a replacement prospectus to replace the prospectus dated 30 June 2017.

20/07/2017

The company releases a prospectus for an offer up to 45,000,000 Shares (on a post-Consolidation basis) at an issue price of $0.20 per Share to raise up to $9,000,000 before costs. The Minimum Subscription Amount is $5,000,000.

30/06/2017

name changed from Waratah Resources Limited

01/06/2017

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    14/01/2016Warwick Andrew1,000,000$0.011$11,000
    17/04/2015Ben Kirkpatrick1,012,484$0.007$7,087
    08/08/2014Ben Kirkpatrick150,000$0.020$3,000
    06/08/2014Philip McNamara1,000,000$0.020$20,000
    05/08/2014Ben Kirkpatrick400,000$0.020$8,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Iain DunstanExecutive Chairman11/06/2019
    Anne AdaleyCFO28/11/2014
    Alberto BasileDirector08/04/2020
    Christopher JosephDirector09/04/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Alex BergerExecutive Chairman, Independent Director28/01/202017/04/2020
    Fred KempsonIndependent Director02/03/202008/04/2020
    David FisherDirector11/10/201703/04/2020
    Todd RuppertDirector11/10/201703/03/2020
    Rod WalkerChairman11/10/201730/01/2020
    Giuseppe PorcelliDirector03/04/201920/12/2019
    Neil JosephExecutive Director11/10/201715/10/2019
    Warwick AndrewNon Exec Chairman16/09/201511/10/2017
    Neil HerbertManaging Director, CEO24/02/201511/10/2017
    Mandeep BhandariNon Exec Director26/03/201511/10/2017
    Ben KirkpatrickCEO02/10/201206/06/2016
    Graham DuncanNon Exec Director28/11/201425/05/2016
    Clive Sinclair-PoultonNon Exec Director09/10/201521/04/2016
    Chris McFaddenNon Exec Director28/11/201409/10/2015
    Philip McNamaraNon Exec Director21/08/201328/11/2014
    Jonathan DownesNon Exec Director30/05/200728/11/2014
    Michael BromleyChairman25/10/201226/09/2013
    Peter BennettoNon Exec Director05/03/200823/01/2013
    Robert OrrCFO15/02/201005/12/2012
    Terry StreeterChairman, Non Exec Director06/01/201225/10/2012
    Roderick WhiteNon Exec Director06/01/201225/10/2012
    William WithamManaging Director02/06/201102/10/2012
    Ian BruceNon Exec Director05/03/200806/01/2012
    Michael YoungNon Exec Director04/02/201106/01/2012

    Date of first appointment, title may have changed.