new name, page-8

A little old but a Shaws email forwarded on to me by a friend. Certainly potential here and management having skin in the game is a huge plus. Still under the ABQ ticker back then.

Subject: Fw: ("ABQ") - meeting with mgmt Adir Shiffman and Michael Pollack - BUY(3.5) - Potential PT 8-13c (8-12months)
Sent: Thursday, November 28, 2013 3:16 PM Subject: ("ABQ") - meeting with
mgmt Adir Shiffman and Michael Pollack - BUY(3.5) - Potential PT 8-13c
(8-12months)
ABQ - mkt cap $12m (3.5c per share) .....
* Own www.checkin.com.au
* Mgmt and friends speak for 50% of stock so not much free float.
* Plan is to make checkin.com.au profitable (Adir didn't guide on it
but rough numbers are $2m annual profit and aim is to be profitable by first
qtr 2014).
* ~300,000 customers on database is enough to hit profitibility and
grow to ~$2m annual profits through mass emailing, social media presence and
generating traffic flow.
* Run an agency model: 15% deposit, but rest paid by customer to
hotel on check out. So much better for hotels.
* Internet wiz 'Adir' gave insight to operation and how it differs
from Wotif (no upfront payment just deposit, no credit card fees).
* Taken infrastructure spend from ~$35k a month down to 5k, 17
employees down to 4.
* Cash flow positive on marketing: they have to pay google 30-60
days after click through, but they get paid deposit straight away, so mkt'g
budget is paid for.
* Currently has $2m cash.

daphne1