Ann: Investor Presentation - September 2016-CL8.AX, page-43

Did anyone else see the facebook post by Collaborate this morning?

The post has a photo and the good part of the small article as a header but the whole article is as follows:

2. It’s like the Uber for Uber. Peer-to-peer car rental platform DriveMyCar launched its popular UberX car rental service in Queensland and Victoria yesterday to coincide with the legalisation of Uber in the two states. The service means UberX drivers who don’t own a car can rent one for the job. The company first tried the option in NSW in July and says all the available corporate fleet cars were immediately rented, with business nearly doubling in August. Rates start at $179 a week – there’s a 7-day minimum rental – but that entry point doesn’t really work for UberX drivers since it comes with a 150km daily travel cap. But it’s not bad if you’re looking to hire a car for work for the week.

Little bit of a mixed message...

@ndpjai - They have 2 million in approved funding which can be drawn down anytime. They also have 3.4 million $ in 2 cent options expiring in April 17  so cash on hand is not an sue I see.

Confirmation of suspected excellent growth for DMC the last few months, signing of supply deals, release of new Rentoid platform and new business arm will propel the business and share price in turn gets the options in the money and funding for expansion and new development and investment...

Cheers

TTB