“Idea is the currency of X’s Business”
The business of Xurpas is Digital Content may it be online games like celebrity games from Kuya Kim and Anne Curtis or Employee Flexible Benefits
Incorporated on November 26, 2001, Xurpas, Inc. (X) is a technology company specializing in the creation and development of digital products and services for mobile end-users, as well as the creation, development and management of proprietary platforms for mobile operators. The Company also offers products such as online casual games, messaging and other social discovery applications, as well as mission-critical applications such as customized call/SMS/data bundles, peer-to-peer mobile airtime credit transfers and various forms of mobile commerce. In addition, the Company also offers mobile marketing solutions to local and international consumer brands seeking to promote their products through mobile telecommunications.
The Company is a party to content provider agreements with Smart Communications, Globe Telecom and Sun Cellular. Under these arrangements, X is primarily responsible for conceptualizing, designing, sourcing, generating, and maintaining (including, where necessary, de-bugging) mobile consumer content and services that its client may avail of for distribution to or access, subscription or use by its mobile phone subscribers.
As of December 31, 2015, X has four subsidiaries namely, Seer Technologies, Inc.; Xeleb Inc.; Yondu, Inc.; and Storm Flex Systems, Inc.; and three affiliates namely, PT Sembilan Digital Investama; MatchMe Pte Ltd.; and Altitude Games Pte Ltd. The Company also has a 4.80% equity stake in mobile search platform Quick.ly, Inc.
Source: SEC Form 17-A (2015)
Mr. Nico Jose S. Nolledo has been Chairman, Chief Executive Officer and President of Xurpas Inc. since November 2001. Mr. Nolledo served as President of the IMMAP. He serves as the Chairman of Fluxion. A recognized pioneer in the Philippine ICT industry, he first started in the consumer technology sector when he founded PinoyExchange.com in 1999. Since then, he has founded, funded and sat on the board of directors of a number of technology companies such as Rappler.com,
There was enough volume to push this stock back to the Php 8.00 levels and its currently on its Resistance level of Php 8.98 and the second resistance level is at Php 9.98. Stochastic also is on a buy signal as shown below (second graph).
Resistance 1: Php 8.98
Resistance 2: Php 9.89
Support 1: Php 8.00
Support 2: Php 7.11
Buy below Php 9.10 and take profit on Php 9.80 to Php 10.00 then buy on pull back or buy again if Php 10.00 is breach
Cut Losses Php 8.40 to Php 8.60 then possibly buy near support 1 or buy below Php Resistance 1 if the price goes up on your cut loss target
Hold Position: Buy below Php 10.00 Sell on Php 14.50 to Php 15.11