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Migme flags major review

Loss-making digital media company migme has flagged a wide-ranging review encompassing its board, management and capital strategy after announcing the terms of a new convertible note issue.

Led by former Perth entrepreneur Steven Goh, the ASX-listed company said today it had issued $US750,000 of convertible notes and may issue up to a further $US6.25 million.

“The proceeds will be used to advance the business to cash flow positive and allow it to re-evaluate its capital strategy, board and management,” migme said in a statement.

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migme (MIG)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Share Transactions

21/12/16
$5k Bought
13/01/16
$0 Issued
13/01/16
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

70th↑migme$21.5m
75th↑Mareterram$19.4m
76th-Admedus$18.7m
78th↓Questus$15.1m
79th↑Smart Trans Holdings$11.6m
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from migme

33rdSteven Goh$1.351m
524thStephen Llanwarne$285k
Ranked by total remuneration from all listed WA companies

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