<s>
migme	B-Algorithm
Limited	O
(	O
formerly	O
mig33	B-Algorithm
)	O
was	O
a	O
global	O
digital	O
media	O
company	O
focused	O
on	O
emerging	O
markets	O
.	O
</s>
<s>
The	O
company	O
was	O
formed	O
in	O
Perth	O
,	O
Australia	O
in	O
2006	O
and	O
commenced	O
operations	O
under	O
the	O
name	O
mig33	B-Algorithm
.	O
</s>
<s>
In	O
2014	O
,	O
it	O
was	O
rebranded	O
migme	B-Algorithm
(	O
and	O
underwent	O
a	O
product	O
and	O
corporate	O
overhaul	O
)	O
.	O
</s>
<s>
Originally	O
developed	O
as	O
a	O
social	O
chatting	O
and	O
gaming	O
application	O
for	O
feature	B-Device
phones	I-Device
,	O
migme	B-Algorithm
has	O
grown	O
to	O
become	O
a	O
mobile	O
entertainment	O
platform	O
that	O
services	O
Southeast	O
Asia	O
,	O
South	O
Asia	O
,	O
the	O
Middle	O
East	O
and	O
Africa	O
.	O
</s>
<s>
The	O
company	O
delivers	O
social	O
entertainment	O
services	O
through	O
portfolio	O
brands	O
migme	B-Algorithm
,	O
LoveByte	O
,	O
alivenotdead	O
and	O
Sold	O
.	O
</s>
<s>
In	O
the	O
time	O
of	O
12	O
months	O
,	O
migme	B-Algorithm
's	O
market	O
capitalisation	O
fell	O
from	O
$242.5	O
million	O
to	O
just	O
$27.2	O
million	O
by	O
the	O
end	O
of	O
2016	O
.	O
</s>
<s>
Migme	B-Algorithm
shares	O
have	O
been	O
suspended	O
from	O
trade	O
since	O
February	O
2017	O
and	O
were	O
of	O
worth	O
flows	O
4.4	O
cent	O
each	O
.	O
</s>
<s>
The	O
site	O
and	O
app	O
service	O
went	O
offline	O
since	O
7	O
August	O
2017	O
.	O
migme	B-Algorithm
got	O
suspended	O
from	O
Australian	O
Securities	O
Exchange	O
on	O
22	O
August	O
2017	O
because	O
of	O
being	O
unable	O
to	O
pay	O
the	O
annual	O
listing	O
fees	O
.	O
</s>
<s>
mig33	B-Algorithm
was	O
founded	O
by	O
Steven	O
Goh	O
and	O
Mei	O
Lin	O
Ng	O
in	O
Perth	O
,	O
Australia	O
in	O
2006	O
.	O
</s>
<s>
The	O
firm	O
develops	O
applications	O
for	O
Android	B-Application
,	O
WAP	B-Protocol
,	O
BlackBerry	B-Operating_System
and	O
web	O
platforms	O
.	O
</s>
<s>
It	O
has	O
also	O
released	O
applications	O
on	O
legacy	O
J2ME-based	O
devices	O
.	O
</s>
<s>
Its	O
revamped	O
microblogging	B-Application
service	O
,	O
launched	O
in	O
2013	O
,	O
enables	O
users	O
to	O
post	O
up	O
to	O
300	O
characters	O
.	O
</s>
<s>
On	O
10	O
June	O
2014	O
the	O
company	O
changed	O
its	O
name	O
to	O
migme	B-Algorithm
Limited	O
,	O
and	O
acquired	O
alivenotdead.com,	O
a	O
Hong	O
Kong-based	O
artist	O
community	O
website	O
co-founded	O
by	O
Patrick	O
Lee	O
,	O
former	O
chief	O
executive	O
of	O
film	O
review	O
site	O
rottentomatoes.com	O
.	O
</s>
<s>
Also	O
in	O
2014	O
,	O
the	O
firm	O
completed	O
a	O
merger	O
with	O
Latin	O
Gold	O
Ltd.	O
,	O
an	O
Australian-listed	O
mining	O
company	O
,	O
which	O
enabled	O
migme	B-Algorithm
to	O
list	O
on	O
the	O
Australian	O
Stock	O
Exchange	O
by	O
way	O
of	O
a	O
reverse	O
takeover	O
,	O
effective	O
11	O
August	O
2014	O
.	O
</s>
<s>
In	O
2014	O
,	O
FIH	O
Mobile	O
(	O
a	O
Foxconn-linked	O
handset	O
company	O
)	O
became	O
the	O
migme	B-Algorithm
's	O
largest	O
shareholder	O
through	O
a	O
$9.6	O
million	O
investment	O
,	O
giving	O
it	O
a	O
19.9	O
%	O
stake	O
in	O
the	O
company	O
.	O
</s>
<s>
In	O
January	O
2015	O
,	O
migme	B-Algorithm
enters	O
e-Commerce	O
with	O
acquisition	O
of	O
Sold.sg	O
.	O
</s>
<s>
Migme	B-Algorithm
currently	O
operates	O
offices	O
in	O
Singapore	O
,	O
Kuala	O
Lumpur	O
,	O
Jakarta	O
,	O
Manila	O
,	O
and	O
Taipei	B-Application
.	O
</s>
<s>
On	O
20	O
April	O
2017	O
Solaris	O
Power	O
Cells	O
,	O
Inc	O
.	O
announced	O
that	O
it	O
had	O
signed	O
definitive	O
agreements	O
to	O
acquire	O
Migme	B-Algorithm
.	O
</s>
<s>
However	O
this	O
deal	O
did	O
n't	O
help	O
migme	B-Algorithm
to	O
increase	O
sales	O
,	O
instead	O
they	O
incurred	O
a	O
$23.1	O
Million	O
after	O
tax	O
loss	O
.	O
</s>
