During 2015 $17.6M in total fees were agreed between recruiters...

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Magenta007

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21/03/16

10:51

Post #: 17325379
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Originally posted by jasonvip1 ↑

Where is the $400k per month?

I thought it was substantially less according to this statement from the report?

"Search Party marketplace is generating monthly revenue, which whilst materially in
line with our expectations is still modest given the focus and early stage of
development of the relaunched business. As at 31 December 2015 Search Party
marketplace had generated approximately $521,000 of Gross Payment Volume
through the platform and $108,000 of Net Marketplace Revenue (i.e. after payments to
recruiters). The purpose of this Offer and related Prospectus Offer is to provide Search
Party with access to capital to accelerate the rollout of the Search Party marketplace.
As outlined below, this will involve significantly increased focus over the next circa
months 12 months and beyond on marketing, product development and sales
initiatives with the aim of achieving significant increases in placement volumes and as
a result revenues, which are expected become material from about Q1 2017."

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During 2015 $17.6M in total fees were agreed between recruiters and employers (from recent quarterly). TSP's share is 20% or $3.52M hence an average of $293K/month. Now, factor in that we were growing at 40%+ QoQ in Q4 and probably have been running at a similar rate this quarter and it's not hard to see we should easily be bringing in above $400k/month at the moment.

Last edited by Magenta007: 21/03/16

SP1 Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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During 2015 $17.6M in total fees were agreed between recruiters...

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