magnus coiler, page-6

krusty, krusty, krusty !!

It took about 30 seconds to log onto your bank account and do an electronic transfer to get these Options.

Don't do anything else silly by selling these at 30 cents !!

The short term key to this now is the Home Open app, if this is received positively by the real estate market then it'll be a whole new game. So my fingers are crossed that this app is a winner and warrants the $2.5 million touted as the promotional budget. We can only guess right now how good or bad the app is but with a small market cap the risk/reward ratio is looking good for current holders.

I noticed a few contradictory market cap and cash holding figures on HC this week for ALA, so for the record here's the current state of play:

Total Shares Listed on ASX: 35,240,014
Shares In Escrow (6/12/14): 4,250,000
Shares In Escrow (16/12/15): 1,750,000

TOTAL SHARES INCLUDING ESCROW: 40,240,014

New "Loyalty Option" : 21,163,485 (ex at 25 cents)

So, CURRENTLY TRADEABLE:
35,240,014 shares
21,163,485 Options.

FULLY DILUTED, including Escrow and conversion of Options:
61,403,499

(If all the 25 cent Options are eventually converted, adds $5.29 million to cash holdings).

CASH HOLDINGS:
Last Quarterly $3,445,000
Raising during Quarter: $2,325,990

Total Cash: $5,770,990 less costs during the current Quarter.

All looks good, they just have to deliver now with the Home Open launch !!