15 questions with Jamie Pride, page-41

'the funds raised in the IPO will help the company to expand into the United States'

"There's really the huge growth opportunity for us is the US. The sweet spot of an organisation for our product is companies with 500 employees or greater because they have a reasonable communication challenge," Mr Pride said.

"In Australia, the target market is between 4000 and 5000 companies, not including government and higher education. In the US it's an order of magnitude greater so it makes a lot of sense for us to get into that market."

Read more: http://www.copyright link/technology/jamie-prides-employment-app-reffind-seeks-20-million-valuation-through-ipo-20150528-ghboo4#ixzz46MS6s9CQ

so now we've had a cap raise to enter another market...but have the primary objectives been fulfilled yet....the SP is a reflection of what the market thinks...and the market rarely gets it wrong unfortunately for us in this case.
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