Visum Technologies has bought on-ride video technology that has been developed over a number of years. Progress has been slow with a lack of cash not helping. Management believes that there is a commercial product, but it needs to sign up more theme parks and ride operators.
The flotation will provide cash for further development and the ongoing costs of the business, as well as giving the company a higher profile. Consolidation opportunities are mentioned in the prospectus, but it is a bit early for that. Management needs to show that there is a commercial business.
The shares have bee...
