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13:53
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Originally posted by cspro:
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I wonder if this is still true (the $6.5mil that is)...? The email I received from OnMarket said $5mil and that came yesterday. Your preso said $6.5mil yet that was clearly prior to 5 Nov. If $1.5mil in commitments have disappeared that would be a very bad sign. However there's a good chance that OnMarket just weren't using the latest figures (it could be stuff they prepared a month ago).Ronald - check your numbers. It is WAY more than $9mil. You should note that the lowish revenues are due to the fact that it has only just changed from a freemium to SaaS model. However the number of enrolments is still growing since that time. Looks good in that regard. We seem to live in a different world these days where tech companies can get away without making money for years on end, so long as there is growth in customers. I saw an article a while ago which said Uber may NEVER make a profit, yet their market cap is around US$50bil. The mind boggles, but these days it's safe to say that profit is only one metric, which doesn't always mean as much as it used to.
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"The lead manager has received firm commitments from institutional and strategic investors for in excess of $5 million." On market said in excess of $5 million, so I guess $6.5m is in excess lol
